Visa and Coinbase expand stablecoin payment services for businesses

Visa and Coinbase have announced new stablecoin services for businesses, as payment companies move from testing dollar-pegged tokens to using them in day-to-day operations.

Visa said on 15 October that stablecoin prefunding for Visa Direct, its money-movement service, is moving from pilot stage to commercial use. Payments infrastructure firm Inyo Global is the first to offer it. Businesses using Inyo can prefund cross-border payouts through Visa Direct with the USDC stablecoin in near real time, rather than relying only on traditional bank funding windows, Visa said. Availability depends on eligibility and location.

“The next chapter for stablecoins is adoption,” said Vira Platonova, Visa’s global head of Visa Direct. Visa introduced stablecoin prefunding and payout pilots in 2025.

On 16 October, card issuing platform Marqeta said Coinbase will power stablecoin-backed cards for its enterprise customers. Coinbase will hold the stablecoin balances and convert them to traditional currency, with settlement on Base, Coinbase’s blockchain. Marqeta will handle card issuing and payment processing, and manage the relationships with banks and card networks. Cardholders will be able to spend from a stablecoin balance wherever cards are accepted, the companies said.

Marqeta already issues crypto-backed cards for Coinbase. The announcement did not give a launch date or list the markets where the cards will be offered.