tldr; Visa has launched a pilot program for USDC stablecoin payouts via its Visa Direct platform, allowing U.S. businesses to fund payments in USD while recipients, such as freelancers and gig workers, receive funds in USDC directly to their crypto wallets. The initiative aims to accelerate cross-border payments, reducing settlement times from days to minutes, and targets users in emerging markets with limited banking access. The program leverages blockchain for transparency and could drive stablecoin adoption globally.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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it’s stablecoins season
tldr; Visa has launched a pilot program for USDC stablecoin payouts via its Visa Direct platform, allowing U.S. businesses to fund payments in USD while recipients, such as freelancers and gig workers, receive funds in USDC directly to their crypto wallets. The initiative aims to accelerate cross-border payments, reducing settlement times from days to minutes, and targets users in emerging markets with limited banking access. The program leverages blockchain for transparency and could drive stablecoin adoption globally.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.