Visa Initiates Pilot for Stablecoin Payments Targeting Creators and Gig Workers

Visa announced on the 12th that it has started a pilot operation of a stablecoin payment service for creators and gig workers. The new service, 'Visa Direct', allows businesses to make payments in fiat currency, while recipients can receive funds in US dollar-pegged stablecoins such as USDC. Compared to traditional bank transfers, this enables deposits within minutes, significantly enhancing the speed and accessibility of cross-border payments. This is particularly beneficial for freelancers and creators operating in markets with high currency volatility or limited banking infrastructure, as it provides a stable means of value preservation and rapid access to funds...