Visa’s Stablecoin Race Was Won by a Remittance Firm Few Had Heard Of

Visa’s stablecoin prefunding now lets eligible businesses fund cross-border payouts with USDC through Inyo Global. Inyo, a licensed US money transmitter, reached production ahead of Visa’s crypto-native partners. Visa’s earlier pilot partner BVNK now belongs to Mastercard. Fees, blockchains, corridors and volumes remain undisclosed. Visa’s stablecoin prefunding on Visa Direct, its real-time payout network, has moved into commercial use, and the first company to switch it on is Inyo Global, a licensed US money transmitter that built its business on consumer remittances before turning to payments infrastructure.

Source: Crypto News Flash