Visa launches stablecoin payment pilot program

Jinse Finance reported that Visa has officially launched a stablecoin payment pilot program, allowing creators, freelancers, and businesses to receive payments directly in USDC issued by Circle via Visa Direct, enabling instant cross-border settlements. Visa stated that during the pilot phase, businesses can initiate payments in fiat currency in the United States, while recipients can choose to receive USDC directly, with funds arriving within minutes. This will provide convenience for users in regions with currency volatility or limited banking access.