Visa launches stablecoin pilot project for international payments

Visa announced the launch of a stablecoin pilot project at the SIBOS 2025 financial conference in San Francisco. With this program, the company is testing pre-funding international payouts via Visa Direct using stablecoins for the first time.
According to the company, the process is designed to speed up cross-border payments. Chris Newkirk, President of Commercial & Money Movement Solutions at Visa, explained: “Cross-border payments have been trapped in outdated systems for too long. Integrating stablecoins into Visa Direct lays the foundation for money to move instantly around the world.”
The test is aimed at banks, remittance providers, and other financial institutions that process large volumes of international payments and require faster access to liquidity. Participation is currently limited to select partners. A broader availability of the stablecoin pilot program is planned for April 2026.
Visa emphasizes that payment recipients will continue to receive funds in their local currency. Stablecoins will initially be used exclusively for pre-funding.

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