Visa Direct Launches USDC Prefunding with Inyo Global

Visa Direct Expands USDC Capabilities

Visa Direct has officially launched commercial production of its USDC prefunding service, partnering with Inyo Global as its initial commercial enabler. The move aims to streamline and accelerate payments by leveraging the USDC stablecoin on the Visa network.

USDC prefunding allows businesses to fund payouts in advance, reducing settlement times and improving cash flow management. This is particularly relevant for use cases like remittances, gig worker payments, and insurance disbursements. By pre-funding accounts with USDC, Visa Direct can facilitate near real-time payouts to eligible recipients.

Inyo Global’s role as the first commercial enabler signifies a key step in the broader adoption of USDC within the Visa ecosystem. The partnership allows Inyo Global to offer its clients access to Visa Direct’s enhanced payment capabilities, potentially lowering costs and increasing efficiency. The integration targets businesses looking to offer faster, more transparent, and cost-effective payment options.

While details about the rollout schedule and specific transaction limits remain limited, the launch suggests Visa continues to view stablecoins as a crucial component of its future payments infrastructure. Further expansion of USDC prefunding is expected as more commercial enablers join the program.

Source: The Block