Stablecoins allow companies to transfer capital around the clock and manage cross-border liquidity more flexibly, but their settlement speed is of little use without reliable and cost-effective conversion into local currencies. Norman Wooding, CEO of SCRYPT, which serves more than 300 institutional clients, said each payment corridor has its own conversion and settlement conditions. Visa and Inyo Global are rolling out a service that lets eligible businesses prefund payouts through Visa Direct using USDC around the clock. Its value for international treasury management will depend on whether it can ensure fast and reliable conversion into local currency for recipients.
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