Visa and Mastercard adopt USDC payouts across 200 countries

Visa and Mastercard announced commercial stablecoin funding routes on Oct. 15 that give eligible businesses new ways to fund payments. Visa's route prefunds Visa Direct cross-border payouts through Inyo Global, while Mastercard's platform through BVNK connects stablecoin balances to local-currency bank payouts. The change concerns the money supplied at the start of a payment. On Mastercard's bank-payout route, a business can use a stablecoin balance while the recipient receives local currency in a bank account. That separates the funding choice from whether the payee uses crypto.

Source: CryptoSlate