Visa Pilots USDC Payouts for Creators and Gig Workers

Core Insights - Visa is piloting a new payment scheme allowing companies to send fiat USD directly to recipients' stablecoin wallets, specifically using dollar-pegged stablecoins like USDC [1][2] - The service is aimed at the creator and gig economy, facilitating small, irregular payments to a large number of recipients [3] - Wider access to the service is projected for the second half of 2026, depending on local regulations [4] Group 1: Service Details - Companies will pay out in fiat USD, while recipients will receive payments in stablecoins [1] - Participants must have a stablecoin wallet and pass AML/KYC checks; the pilot is currently limited to U.S.-based platforms and businesses [2] - Visa is in the process of onboarding partners for the service [4] Group 2: Strategic Moves - Visa has made significant investments in the stablecoin space, including a strategic investment in BVNK [5] - The company predicts an increased role for stablecoins in the $40 trillion global credit market, suggesting potential for traditional institutions to utilize blockchain technology [6] - Visa is also expanding support for stablecoin-based crypto credit cards in collaboration with various fintech companies [6]