Visa launches stablecoin payout pilot for gig workers, creators and freelancers

On Wednesday, Visa announced the launch of a new pilot that leverages dollar-backed stablecoins to pay gig workers. The pilot lets marketplaces pay recipients in the US directly into their stablecoin wallets, using cryptocurrencies such as Circle’s USDC. “Launching stablecoin payouts is about enabling truly universal access to money in minutes — not days — for anyone, anywhere in the world,” said Chris Newkirk, Visa’s president of commercial and money movement solutions. The pilot is powered by the paym ...