With the pilot initiative, banks, transfer companies and other financial institutions can enable accounts at Stablecoins Pre-Funds instead of traditional currency. | Photocredit: Istock.com
Visa said on Tuesday that it will test a new way for companies to finance international payments by allowing them to use Stablecoins instead of getting cash in local accounts in advance.
The relocation indicates that the growing acceptance of these digital tokens among large companies, which have been encouraged by the US who have adopted the Genius Act, adopts a law that establishes clear rules for Stabilein -Emitents.
“The brilliant act changed everything. It made everything so much more legitimate. Before that regulatory clarity, all major institutions were a bit on the fence,” said Mark Nelsen, head of product for Visa’s commercial and money movement solutions, in an interview with Reuters.
The company works together with a few nameless partners and is planning to expand the pilot program next year, said it.
With the pilot initiative, banks, transfer companies and other financial institutions can enable accounts at Stablecoins Pre-Funds instead of traditional currency.
Such a step can make cross -border transactions faster and release cash, because companies often have to lock funds in multiple currencies worldwide to cover local payouts.
Stablecoins are digital tokens that are designed to maintain a constant value. They are often supported by traditional assets such as the American dollar or treasure chest.
Their use of money quickly across borders has been concerned about the concern that they can hollow out the market dominance of some payment companies and regional banks.
“Stablecoins go from crypto gimmick to financial sanitary. It is one of the reasons why we have launched a reversed regional stock exchange building-treated fund because I think the regionals are in trouble,” said Matthew Tuttle, CEO of Tuttle Capital Management, referring to a fund designed to profitable to profitable to profitable to profitable to profitable from the region to profitable to profit from the Version of the Fund to Profitit to Profittened to Profitit to Te Profession of the Party of Tot Begangitit to Tot Begangititen to Profitten from the Regionale Banking.
However, the Visa pilot program emphasizes how some established operators focus on cooperation instead of competition, which means that Stablecoins are changing a tool to strengthen their own infrastructure.
“The amount of software and technology that has been used worldwide for payments is difficult to rearrange. It therefore seems more likely that it is just stablecoin technology in existing flows,” Nelsen said.
Published on September 30, 2025
#Visa #bets #stablecoins #speed #cross #border #payments