Visa’s Stablecoin Funding Moves Beyond the Pilot Stage

TL;DR: Visa says Inyo Global is the first enabler to bring its stablecoin-enabled Visa Direct prefunding into production for eligible clients.
Stablecoins are often discussed as an alternative to established payment networks. Visa’s latest move shows how they can instead become a funding component inside one. On October 15, the company said its Visa Direct stablecoin-enabled prefunding had moved into production through Inyo Global, its first enabling processor.
The mechanism addresses how paym