Visa says stablecoin payouts pilot moves into production with Inyo Global
Visa has moved its stablecoin payments pilot into commercial production with Inyo Global, enabling 24/7 USDC prefunding of cross-border payouts in more than 180 countries.
Why it matters: Visa's move takes stablecoin payments from testing into commercial use, a signal that dollar-pegged tokens are being adopted for real cross-border payment flows.
Key points
- Inyo Global, a Massachusetts-based payments infrastructure firm, is Visa's first enabler for the rollout.
- Visa Direct lets institutions prefund payouts 24/7 with USDC, bypassing traditional banking hours.
- Visa reported stablecoin settlements on its network at a $20bn annualised run rate, a 15x rise year on year.
The announcement was made on Thursday.
The rollout covers more than 180 countries where Inyo Global operates. Inyo Global co-founder and chief product and technology officer Robson Dantas said the integration gives institutional customers a new way to fund payouts.
Visa has been building in this area for some time. It recently reported stablecoin settlements on its network at a $20bn annualised run rate, a 15x increase on a year earlier.
Live updates on NewsFeeds:StablecoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
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