Visa Direct's Stablecoin Pilot Enhances Fund Access for Creators and Gig Workers

Visa's Stablecoin Payout Pilot: Visa has launched a pilot program allowing businesses to send USD-backed stablecoin payouts directly to digital wallets for creators, freelancers, and gig workers, aiming to provide quicker access to earnings.

Benefits of Blockchain Technology: The initiative leverages blockchain to reduce delays associated with traditional banking methods, making payments more accessible and efficient for users globally.

Creator Economy Insights: A report by Visa revealed that over half of digital content creators prioritize faster access to funds, highlighting the demand for secure digital payment options.

Expansion Plans: Following earlier tests, Visa plans to support additional stablecoins and expand its offerings across various blockchains, responding to the growing interest in stablecoin-linked transactions.