Visa Teams with Zerohash to Boost Stablecoin Cross-Border Payments

Visa has expanded its stablecoin payment capabilities through an arrangement with crypto infrastructure provider Zerohash. The move allows eligible Visa Direct clients to prefund accounts and send payouts using stablecoins, which can be used for cross-border payments.

The integration lets businesses fund Visa Direct accounts with stablecoins before making payments, allowing them to manage liquidity outside traditional banking hours. Recipients can also receive payouts directly in stablecoins rather than local currency.

This is the latest move by Visa into the stablecoin industry. In January, the company partnered with BVNK to pilot stablecoin prefunding and payouts on Visa Direct, and in July it launched the Visa Stablecoin Platform, giving banks and fintechs tools to issue, hold, and transfer stablecoins.

'Stablecoins are creating new opportunities to make money movement faster and more flexible, particularly for cross-border use cases,' said Mark Nelsen, Visa's global head of product. 'Working with zerohash helps us bring stablecoin capabilities to our clients at scale, in a way that’s reliable and interoperable with the financial systems they already rely on today.'