Visa announced the commercial launch of USDC stablecoin prefunding on Visa Direct, with Inyo Global as the first partner to offer this service in real conditions. This solution enables businesses to fund their cross-border transfers in USDC near real-time, including on weekends and outside traditional banking hours. Inyo Global serves money transmitters, fintechs, banks and payment companies in over 180 countries through Visa Direct APIs. The end beneficiary still receives funds through traditional channels, but the funding by the business can now happen 24 hours a day. Vira Platonova, head of Visa Direct worldwide, stated that the next chapter of stablecoins is adoption.
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