Visa Direct launches stablecoin-based money movement service, pilot project moves toward commercial application.

PANews October 16 news: Visa announced that the stablecoin functionality of Visa Direct has moved from the pilot stage to commercial deployment. Inyo Global has become the first service provider to put Visa Direct's stablecoin prefunding feature into commercial operation. With Visa Direct, businesses can complete user onboarding, fraud prevention and compliance management, collections, and domestic and cross-border payments to more than 180 countries and regions worldwide through a single interface on the Inyo Global platform.

In 2025, Visa launched stablecoin prefunding and payment pilot programs through Visa Direct. These pilot programs demonstrated how stablecoins can provide cross-border funding support, liquidity management, and global money movement services for eligible clients.