Visa has unveiled a groundbreaking pilot programme at the Singapore Fintech Festival, enabling businesses to send payouts directly to stablecoin wallets. This initiative allows creators and gig workers to receive funds in USD-backed stablecoins like USDC, significantly speeding up access to their earnings. The pilot aims to provide a stable store of value and faster access to funds, especially in regions with currency volatility or limited banking infrastructure.
Chris Newkirk, President of Commercial and Money Movement Solutions at Visa, stated, “Launching stablecoin payouts is about enabling truly universal access to money in minutes—not days—for anyone, anywhere in the world.” This development is part of Visa’s ongoing innovation in stablecoin-powered payments, following a similar pilot announced in September that allowed businesses to prefund payouts using stablecoins.
Initially launching with select partners, Visa plans a broader rollout in the second half of 2026 as client demand and regulatory frameworks evolve. This initiative is particularly beneficial for international businesses, marketplaces, and gig economy platforms, offering a new level of financial flexibility and transparency.
Visa continues to bridge blockchain technology with its global payments network, aiming to enhance digital payment solutions worldwide.
