BVNK to Enable Stablecoin Payments via Visa Direct
BVNK will supply stablecoin rails for Visa Direct, Visa’s $1.7 trillion money-movement network, as part of pilot programs announced on 14 January in San Francisco. Under the agreement, BVNK will enable stablecoin pre-funding and payouts to recipients’ wallets in select approved markets, allowing Visa Direct to test crypto-backed disbursements alongside its existing fiat flows.
The pilots mark a cautious but notable step toward integrating stablecoins into mainstream payments infrastructure, which could speed cross-border payouts and expand payout options for businesses and remittance services. Because the work is at pilot stage and limited to approved markets, wider availability will depend on regulatory outcomes and technical results from the trials, but the tie-up underscores increasing collaboration between traditional card networks and crypto infrastructure providers.