Visa Pilots USDC Stablecoin Payouts to Revolutionize Freelancer Payments
Visa is expanding its blockchain finance initiatives with a new pilot program utilizing Circle's USDC stablecoin for direct payouts. Announced at the Web Summit in Lisbon, this initiative specifically targets freelancers and digital creators, offering them faster and more secure payment options that circumvent traditional banking delays.
This development highlights the increasing institutional adoption of stablecoins for real-world financial solutions. By leveraging blockchain technology, Visa aims to solve key challenges in cross-border payments and gig economy transactions, further bridging the gap between traditional finance and decentralized solutions.