Visa’s stablecoin trial promises to transform traditional payouts amid a flood of Sibos 2025 announcements.
Visa has launched a new pilot programme which will allow businesses to pre-fund Visa Direct accounts using stablecoins.
Announced on September 30 at Sibos 2025, the pilot enables participants to use Circle Internet Group’s USDC and EURC stablecoins in place of traditional fiat balances to meet payout obligations. The initiative is designed to improve liquidity and flexibility for businesses operating across borders.
Visa Direct, the company’s real-time payments platform, supports secure payouts in over 190 countries. It allows businesses, banks and remittance providers to send funds directly to bank accounts, digital wallets and eligible cards.
The pilot could have major implications for companies which rely on international payouts. Typically, remittance providers must hold pre-funded accounts in multiple markets to prepare for sudden withdrawal requests. If demand spikes outside banking hours, service interruptions can occur.
Visa says by prefunding with stablecoins, Visa Direct offers a way to keep capital liquid while ensuring payouts remain covered.
“Cross-border payments have been stuck in outdated systems for far too long,” said Chris Newkirk, President of Commercial & Money Movement Solutions at Visa.
“Visa Direct’s new stablecoins integration lays the groundwork for money to move instantly across the world, giving businesses more choice in how they pay.”
The pilot will initially run with select partners and is expected to expand into limited availability in 2026. Recipients will continue to receive payouts in local currencies, maintaining continuity for end users while shifting the funding layer to stablecoins.
Despite the potential benefits, implementation may face challenges. Industry observers have raised concerns about what happens if a stablecoin depegs or experiences technical issues.
Sibos provides the spotlight
Visa’s announcement adds to the growing momentum around digital currencies at Sibos 2025, where stablecoins have taken centre stage.
Earlier today, a panel titled Stablecoins vs. CBDCs: Round Three or Interoperability? explored the evolving relationship between the two digital currency formats. While blockchain advocates often position stablecoins and CBDCs in opposition, panellists called for greater interoperability.
Rene Michau of Standard Chartered noted both innovations aim to meet customer needs. He argued stablecoins could accelerate the speed of bank balance sheets when integrated across global institutions.
Payment Expert is reporting live from Sibos 2025 with interviews, insights and analysis. Click HERE to read the latest coverage from day 2.
