What if you could pre-fund international remittances using stablecoins?

Visa Direct has moved its feature that uses stablecoins for international money transfers from a pilot program to an actual service. This news was announced by Visa on October 15.

Through its first partner, Inyo Global, eligible companies can now pre-fund their international payments using USDC. Stablecoins are being used during the liquidity preparation phase for companies like remittance providers or fintech firms.

The key point here is that this doesn't mean a new remittance app for everyday users to send crypto directly has launched! This feature is applied to corporate fund transfers, and availability depends on the region and eligibility.

It seems that even if stablecoins are used behind the scenes in the remittance process, the sender and receiver don't necessarily have to handle the crypto themselves.