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.Visa identified Inyo Global, a payments infrastructure provider, as the first enabler to put its Visa Direct stablecoin prefunding capability into commercial production. The offering is for eligible Visa Direct clients and partners.Inyo serves money transmitters, fintechs, banks and payment businesses. Its integration lets the businesses it serves prefund cross-border payouts with USDC in near real time, Visa said, offering an alternative to relying solely on traditional funding windows.Inyo says the funding option operates around the clock through the same APIs its customers already use.Mastercard Global Mon...