Visa teams up with BVNK to launch stablecoin payouts

Visa is integrating stablecoin infrastructure from BVNK into its Visa Direct platform, expanding how its $1.7 trillion real-time payments network can move money globally. The partnership, announced Wednesday, allows businesses in select markets to pre-fund payments in stablecoins and send payouts directly to recipients’ digital wallets. Visa’s Direct network is widely used by businesses and platforms to send fast payments to individuals — think payroll, gig economy wages, or cross-border remittances. By ...