Visa teams up with BVNK to launch stablecoin payouts

Core Insights - Visa is integrating stablecoin infrastructure from BVNK into its Visa Direct platform, enhancing its $1.7 trillion real-time payments network for global money movement [1][4] - The partnership allows businesses in select markets to pre-fund payments in stablecoins and send payouts directly to recipients' digital wallets [1][2] Group 1: Visa's Strategy and Market Position - Visa's Direct network is utilized by businesses for fast payments, including payroll, gig economy wages, and cross-border remittances [2] - The use of stablecoins aims to provide faster access to funds, particularly outside of traditional banking hours [2][3] Group 2: Stablecoin Potential and Infrastructure - Stablecoins present a significant opportunity for global payments, potentially reducing friction and enhancing access to efficient payment options [3] - BVNK, the UK-based firm, processes over $30 billion in stablecoin payments annually, providing the necessary infrastructure for Visa [3][4] Group 3: Investment and Institutional Confidence - Visa's initial investment in BVNK occurred in May 2025, followed by Citigroup's strategic investment five months later, indicating growing institutional confidence in stablecoin infrastructure [4] - The rollout of this integration will start in markets with high demand for digital asset payments, with plans for wider expansion based on customer interest [4]