Stablecoins continue to regular financing, whereby Visa immediately reveals a new pilot for faster cross -border payments.
Summary
- Visa Direct has launched a pilot with which companies can process cross -border payments with Stablecoins.
- The pilot wants to make international transfers faster and more cost -efficient by unlocking liquidity and modernizing the activities of the treasury.
- Global acceptance accelerates if the US, Europe and Asia roll out legal frameworks for the use of Stablecoin.
Visa Direct has launched a Stablecoin pilot, allowing companies to move money worldwide using Stablecoins. At 30 September announcementWith the initiative, companies can use the digital assets for immediate payouts instead of just trusting Fiat -Valuta.
This is designed to reduce long -term delays and costs in global money transfer, where companies often have to park large amounts on local accounts in advance to cover the payments.
By using Stablecoins as a settlement layer, Visa says that settings have faster access to liquidity and their treasury activities with more flexibility can manage. Under the pilot, Stablecoins that are immediately deposited in Visa are treated as cash for payouts, which may reduce the need for in advance balances in multiple currencies.
“For decades, moving money across borders has been dependent on slow, expensive systems that tie up capital in advance. With this pilot Visa Direct Stablecoins as a new source of financing. The goal: decrease, friction, unlocking faster access to liquidity and financial institutions give the worldwide,” reading in the world.
The initiative is tested with selected partners, with plans to expand until 2026 if successful.
Visa’s Stablecoin Initiative is surrounded by global acceptance
This step comes when the Stablecoin industry sees rapid growth in adoption and regulations worldwide. In the United States, the Bipartisan Genius Act was signed earlier this year by President Donald Trump, which means that the first federal framework for the sector for the sector, with requirements for consumer protection and regular audits.
Different institutions also embrace Stablecoins throughout Europe. Nine large banks, including ING, Banca Sella, Danske Bank, Unicredit, SEB and Caixabank, form a consortium to launch a euro-driven stablecoin regulated among the EUs Markets in Crypto-Assets Regulation (Micar).
Worldwide, countries from Singapore and Hong Kong to Japan Online Stablecoin Supervision Online and push the adoption for transfers and cross -border digital payments, which sets up Stablecoins as a tool for faster and safe transactions.
Currently, the total market capitalization of Stablecoin is around $ 307.8 billion, according to Coinmarketcap facts. Tether (USDT) and Circle’s USD Coin (USDC) dominate the sector, accounting for more than 90% of the circulating food.
