Visa has unveiled a new system at the Web Summit in Lisbon that allows businesses to send payments directly to stablecoin wallets, marking a major step toward blockchain-based global transfers.
The pilot program targets freelancers and content creators working across borders, enabling them to access payments faster. While businesses fund payouts in fiat, recipients can choose to receive them in dollar-backed stablecoins. Visa says the initiative aims to expand financial access, especially in regions with limited banking infrastructure, and improve transparency through blockchain-based transactions.
Chris Newkirk, Head of Commercial and Money Movement Solutions at Visa, stated, “Launching stablecoin payouts means giving everyone, everywhere access to money within minutes.” The move underscores Visa’s ongoing commitment to bridging traditional payment networks with digital assets.
Following an earlier pilot in September that allowed businesses to pre-fund payments using stablecoins, the new phase extends the technology directly to individual users and freelancers. Visa plans to roll out stablecoin payouts more broadly in 2026, further integrating blockchain into mainstream financial operations.
