Visa Adopts USDC for Cross-Border Payment Funding
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Visa Direct adopts USDC for cross-border payments. Visa Direct has transitioned its pre-funding service for international payments from a pilot phase to commercial use with USDC. The first partner is the payment platform Inyo Global, which serves banks, fintech companies, and money transfer operators. Its clients can use the stablecoin to fund cross-border payments almost in real-time, including weekends and non-banking hours. The feature is available through Inyo's existing APIs, subject to regional restrictions. USDC is used for funding operations, not necessarily for payments to end recipients. Follow ForkLog on social media
