Visa Launches Stablecoin Payouts For The Gig Economy As Traders Eye $343
Visa Inc. (NYSE:V) is shaking up digital payments with a new pilot program that lets creators, freelancers, and gig workers receive instant USDC stablecoin payouts through Visa Direct.
Visa Expands Digital Payout Capabilities
The initiative, revealed on Tuesday at Web Summit, expands Visa Direct’s reach to wallets holding USD-backed stablecoins like USDC (CRYPTO: USDC).
The pilot allows businesses using Visa Direct to fund payouts in fiat currency while recipients can choose to receive stablecoins.
This marks a major step toward real-time global payments, addressing delays faced by independent workers and digital content creators.
“Launching stablecoin payouts is about enabling universal access to money in minutes,” said Chris Newkirk, Visa’s President of Commercial & Money Movement Solutions.
He emphasized that faster access to funds benefits businesses and freelancers …
About The Author
