Visa has begun piloting a new way for businesses to send money to freelancers, creators and gig workers by paying directly into stablecoin wallets, according to company statements and industry reports . The move aims to cut the time it takes for people to access their earnings and to offer an alternative to bank or card payments.

Visa Stablecoin Pilot

According to Visa, the pilot will let firms fund payouts in fiat while the recipient receives a USD-pegged stablecoin such as USDC in their crypto wallet. Recipients will still need to complete KYC and AML checks, and platforms must integrate the required rails to convert fiat into stablecoins before sending funds.

Reports have disclosed that the program is being tested within Visa Direct — the company’s money-movement service that alr

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