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Visa Launches 24/7 USDC Stablecoin Payout Pre-Funding Service With i2c Global

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V$402.61 0.72%USDCUSD$0.9999 −0.01%

Payments giant Visa Inc. (V) has commercially launched a stablecoin-based service that enables businesses to pre-fund payout balances around the clock using USDC, expanding a pilot program launched last year into a live commercial product. Payment infrastructure provider i2c Global is the first processor to roll out the capability to its clients, making the feature available through its existing application programming interfaces.

The service allows money transmitters, fintech firms, and payment companies to top up account balances with Circle's dollar-denominated stablecoin, USDC, bypassing traditional banking hours for international transfers. i2c Global currently runs payout services across more than 180 countries through Visa Direct, allowing eligible corporate customers to process cross-border payments on weekends and holidays without funding delays.

This commercial rollout follows extensive testing, including a recent seven-day trial with Lloyds Bank that successfully processed $750,000 in payment obligations using USDC in less than an hour. As financial institutions move toward broader real-world adoption of digital assets, investors will be watching whether additional payment processors and banks integrate Visa Direct's stablecoin infrastructure.

Key points

  • Visa launched a commercial 24/7 pre-funding service using USDC to let businesses fund payout balances around the clock.
  • Payment processor i2c Global is the first to offer the feature to clients via its existing APIs across more than 180 countries.
  • The service allows fintechs and payment providers to make cross-border payouts without waiting for traditional bank operating hours.
  • In a recent pilot test with Lloyds Bank, $750,000 in payment obligations were processed using USDC in under an hour.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

How does Visa's new USDC pre-funding service work?

Businesses can top up payout balances using Circle's USDC stablecoin 24/7 through existing i2c Global APIs, enabling cross-border payments outside standard banking hours.

Which companies are participating in the Visa USDC pre-funding rollout?

Payment infrastructure provider i2c Global is the first processor offering the service to its clients across more than 180 countries.

What pilot testing did Visa conduct before launching the USDC payout service?

Visa tested USDC and EURC stablecoin funding starting last year, including a pilot with Lloyds Bank that processed $750,000 in payment obligations in under an hour.