Visa has partnered with BVNK to pilot stablecoin payouts via Visa Direct, extending payments beyond traditional fiat currencies.

Partnership and scope

The collaboration with infrastructure provider BVNK aims to integrate stablecoins into the Visa Direct flow, which supports more than $1.7 trillion in annual transactions. The pilot will let clients initiate payouts not only in fiat, but also in digital dollars sent directly to recipients' crypto wallets.

Pilot mechanics

During the initial phase, participating clients will be able to choose between fiat rails and tokenized dollar transfers for outbound payments to wallet addresses. Settlement, custody and conversion arrangements will be handled through BVNK’s infrastructure under the pilot terms agreed with Visa.

Rollout plan

Visa plans to begin the launch in markets that exhibit strong demand for crypto-enabled payments and merchant acceptance. After assessing performance and compliance outcomes, the companies intend to scale the service across additional regions in subsequent stages.

Compliance and use cases

The pilot focuses on payout use cases such as cross-border remittances, business disbursements and consumer transfers where recipients use crypto wallets. Visa and BVNK indicated that regulatory and compliance requirements will guide the expansion timeline and supported jurisdictions.