Visa’s new stablecoin pilot : the world’s leading payments company, Visa, announced the launch of a stablecoin pilot financed in fiat, which could transform the way companies and retailers receive international payments. This program aims to allow companies to send payments in USD-backed stablecoins while financing transactions in traditional currencies. In practice, a company can execute a transaction from its standard bank account, and the recipient will receive the equivalent in their crypto wallet in stablecoins. Visa aims to drastically shorten international payment delays. The fiat-backed stablecoin pilot allows users to transfer funds in a few minutes, whereas traditionally it would take days.
Visa’s new stablecoin pilot : fewer intermediaries and lower fees
This solution is primarily intended for international independent workers, content creators, and freelancers, who often depend on intermediary platforms to receive payments. With this system, they can access their funds instantly, without waiting for the usual cross-border delays.
- Instant transactions: Payments can be executed in a few minutes.
- Cost reduction: Fewer intermediaries, lower fees.
- Increased flexibility: Recipients can choose to receive their payments directly in their digital wallets.
- Financial inclusion: This model fosters access to digital finance in regions where banking services are limited.
Visa’s new stablecoin pilot : a changing financial landscape
Despite its promises, this fiat-financed stablecoin pilot faces many challenges:
- Regulation compliance: The company will have to comply with regulations on anti-money laundering (AML) and know-your-customer (KYC) procedures.
- Volatility and stablecoin management: Even when USD-backed, some stablecoins can fluctuate temporarily.
- Company adoption: Mass adoption will take time due to accounting system incompatibilities.
This Visa pilot shows how rapidly the global financial landscape is changing. By integrating stablecoins into its infrastructure, Visa does not aim to replace the existing system but to improve it. This initiative could herald a new international payment system where transfers are instant, global, and transparent. With this innovative pilot, Visa has strengthened its position as a pioneer bridging TradFi and blockchain. The launch of this pilot marks a new strategic step toward a future of instant, widely accessible, and cross-border payments.
About Visa
Visa is a global payments technology company that connects consumers, businesses, and governments through electronic payments. Operating one of the world’s largest networks, Visa enables secure and fast transactions across more than 200 countries, helping drive global commerce and financial inclusion through innovation in digital and mobile payment solutions.
About Coinaute
Coinaute is a French Web3 media and consulting company specializing in blockchain, cryptocurrencies, NFTs, and the metaverse. It provides insights, analysis, and strategic guidance to help businesses understand and adopt emerging digital technologies, fostering innovation and accelerating their transition into the decentralized economy and the future of digital finance.
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