Visa Brings USDC Prefunding for Visa Direct Into Commercial Use

Visa has moved USDC prefunding for eligible cross-border Visa Direct payouts into commercial use through Inyo Global, which is the first processor enabling the service. The company announced the rollout on October 15, saying participating businesses can fund payouts in near real time instead of relying solely on traditional funding windows. The service concerns how businesses supply funds for a payout; Visa has not said recipients are paid in USDC. Eligible Visa Direct clients can access the option through Inyo’s existing platform connections, subject to eligibility, geographic availability and applicable requirements. Visa did not publish a list of markets where the new feature is available. Visa said Inyo’s wider platform supports domestic and international payouts across more than 180 countries. That figure describes the platform’s reach, not the confirmed availability of USDC prefunding in every country. Inyo serves money transmitters, fintech companies, banks and other payment businesses. Inyo co-founder and chief product and technology officer Robson Dantas said clients can use the feature through the company’s existing application programming interfaces and at any hour....