Visa launches USDC stablecoin prefunding service for cross-border payments
Visa Rolls Out USDC Stablecoin Prefunding for Cross-Border Payments
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Visa allows eligible businesses to prefund cross-border payments using USDC, with Inyo Global becoming the first Visa Direct processor to put the service into commercial use. Through Inyo’s existing API, eligible remittance institutions, fintech companies, and payment companies can fund payments in near real time and use the service around the clock, subject to eligibility and geographic requirements.
The service connects USDC prefunding to the Visa Direct cross-border payment process, demonstrating a specific use of stablecoins in liquidity management and around-the-clock payment readiness.
Source:Fintech News Singapore · fintechnews.sg