Visa Partners with BVNK on Stablecoin Payout Pilots

Visa has selected UK-based stablecoin infrastructure provider BVNK to power new Visa Direct pilots, enabling select business clients to pre-fund cross-border payouts using stablecoins and deliver digital US dollars directly to recipients' wallets in certain markets. This partnership follows Visa Ventures' strategic investment in BVNK in May 2025, aligning with the broader industry trend of integrating tokenized dollars into treasury and payout systems. BVNK confirmed winning the initiative through a competitive tender, emphasizing a shared vision with Visa regarding stablecoins' potential to reduce friction in global payments. Currently, pilot programs involve a limited set of Visa Direct enterprise clients in high-demand regions, with plans for expansion contingent on regulatory approval and demand. The move occurs as stablecoins see significant growth in market capitalization and transaction volumes, prompting regulators globally to address potential financial stability risks while acknowledging their efficiency benefits for cross-border transactions.

(Source：Cointelegraph)