Visa and Mastercard open stablecoin funding routes for eligible businesses
In brief
- Visa named Inyo Global as the first enabler for USDC prefunding of Visa Direct payouts.
- Visa's option is limited to eligible Visa Direct clients and partners.
- Mastercard Global Money Platform is available through BVNK; Mastercard Move handles bank payouts.
- Mastercard's coverage of 200+ countries and 40+ currencies is a 2027 target, not current reach.
- Nuvei and Marqeta are planned early integrators; no volume or fee-savings data was disclosed.
Visa starts with Inyo Global
Visa identified Inyo Global as the first enabler to put its Visa Direct stablecoin prefunding capability into commercial production. Inyo is a payments infrastructure provider, and its customers are money transmitters, fintechs, banks and payment businesses.
This isn't open to everyone. It's limited to eligible Visa Direct clients and partners.
Visa said Inyo's integration lets those businesses prefund cross-border payouts with USDC in near real time, as an alternative to relying solely on traditional funding windows. Inyo said the funding option runs around the clock through the same APIs its customers already use (so there's no separate integration to build).
Mastercard goes through BVNK
The companies said Mastercard Global Money Platform is available now through BVNK, a stablecoin infrastructure firm. It combines fiat and stablecoin accounts, conversion and payout capabilities that banks, fintechs and enterprises can embed in their own products or use for their own treasury and payments. Mastercard Move supplies the local-bank payout connection.
The flow works like this. A business funds with a stablecoin balance, and the recipient gets local currency in a bank account.
Businesses can contract directly with BVNK and work through its portal or API. BVNK's product documentation says they can also embed accounts and payments under their own brand through an API, with BVNK handling customer onboarding. BVNK named USDC and OUSD among the stablecoins available through the integration.
What's live, and what isn't
The 200-country figure is a target. Mastercard expects payout coverage to expand to more than 40 currencies across more than 200 countries and territories in 2027, and that's not where coverage stands today.
Nuvei and Marqeta are in the same position. The companies said both will be among the first to integrate the platform as part of the planned rollout, which makes them early integrators rather than live users.
There's also one big gap in the data.
The launch announcements disclosed no measured stablecoin payment volume or realized fee savings for either route. So right now there's no public figure for how much money is moving through these rails, or for what businesses are saving by using them.
Frequently asked questions
Are Visa and Mastercard stablecoin payouts live in 200 countries?
No. Mastercard expects payout coverage to reach more than 40 currencies across more than 200 countries and territories in 2027. That's an expansion target, not current coverage.
How does Visa's stablecoin prefunding work with Inyo Global?
Visa said Inyo's integration lets businesses prefund Visa Direct cross-border payouts with USDC in near real time, as an alternative to relying only on traditional funding windows. Inyo said the option runs around the clock through the same APIs its customers already use. It's limited to eligible Visa Direct clients and partners.
Which stablecoins does the Mastercard and BVNK platform support?
BVNK named USDC and OUSD among the stablecoins available through the integration. A business funds with a stablecoin balance, and the recipient receives local currency in a bank account through Mastercard Move.
Have Visa or Mastercard disclosed stablecoin payment volumes?
No. The launch announcements disclosed no measured stablecoin payment volume or realized fee savings for these routes. Nuvei and Marqeta are planned early integrators of the Mastercard platform, not live users.
