Visa launched 24/7 USDC funding for its global Visa Direct payments. Stablecoins bypass traditional banking hours, a crucial shift for institutional cross-border transactions. Businesses requiring instant settlement for global operations gain a concrete alternative to legacy SWIFT delays.
How We Got Here
Visa began piloting USDC settlement capabilities with Crypto.com in 2021, later expanding to partners like Anza. The company focused on stablecoins to circumvent delays and costs associated with traditional fiat rails for large B2B transfers.
The Numbers
- Inyo Global, a crypto fintech, manages the fiat-to-USDC conversion for businesses using Visa Direct.
- Visa Direct currently enables payouts to over 170 countries, accessing 8.5 billion payment endpoints globally.
- The USDC funding mechanism provides 24/7 access to capital, unlike traditional banking systems tied to business hours.
- The service targets corporate treasuries and large enterprises requiring fast, high-volume cross-border B2B payouts.
What Happens Next
🇮🇳 Why This Matters for India
Indian tech startups in Bangalore or Hyderabad with global contractor payrolls gain immediate liquidity, bypassing delays from standard international wire transfers.
The Take
The real winners are mid-market Indian SaaS firms and exporters who now cut working capital cycles tied to international payments by days. This subtly erodes a core advantage of traditional banks, forcing them to accelerate their own B2B cross-border offerings within 24 months.
Source:
Gadgets 360 ↗