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Visa Turns Up the Heat in Stablecoin Payments: Can Anyone Compete?

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Key Takeaways

  • Visa launched a pilot for instant USDC payouts to creators and gig workers via Visa Direct.
  • The program aims to modernize payments by using blockchain for faster, more efficient transfers.
  • Partners in the pilot gain an edge as Visa expands digital access and underbanked region reach.

Visa Inc. (V - Free Report) launched a pilot program allowing instant payouts in USD-backed stablecoins, like USDC, through its Visa Direct platform. The initiative allows creators and gig workers to receive their earnings in digital currency directly to their crypto wallets. By using blockchain technology, Visa aims to make fund transfers faster, simpler and more accessible for the growing digital workforce.

This move lets platforms and marketplaces send earnings to users’ crypto wallets instantly, instead of through slower traditional methods. The effort is part of Visa’s broader plan to modernize payment systems by experimenting with blockchain settlement, giving users near real-time access to their funds and enhancing efficiency across digital payment channels.

This move represents a significant step in bridging traditional finance and digital currency and streamlining cross-border payouts. By embracing stablecoin payments, Visa is signaling trust in blockchain as a secure and scalable tool for real-world transactions. The pilot could revolutionize how freelancers and digital platforms exchange money, reducing delays, cutting costs and offering greater flexibility in how people access and use their earnings. A broader rollout is expected in the second half of 2026. 

Platforms participating in the pilot will gain a competitive advantage. This move follows a previous pilot, which enabled businesses to pre-fund payouts using stablecoins. Together, these pilots will help the company penetrate underbanked regions. For Visa, the program helps strengthen its leadership in payment innovation while addressing the growing demand for digital-first financial solutions worldwide.

How Are Rivals Positioned in the Stablecoin Race?

Mastercard Incorporated (MA - Free Report) and American Express Company (AXP - Free Report) are also stepping deeper into the stablecoin arena.

In April 2025, Mastercard unveiled end-to-end capabilities for stablecoin transactions. It has joined the Global Dollar Network, a Paxos-led stablecoin consortium, which allows Mastercard institutions to mint, redeem and distribute USDG under that network. American Express, meanwhile, partnered with Coinbase on a crypto-linked credit card, which can offer rewards tied to crypto usage. AmEx is taking a more measured approach with stablecoins and blockchain innovation.

Visa’s Price Performance, Valuation and Estimates

Shares of Visa have gained 7.2% year to date, outperforming the broader industry but underperforming the S&P 500 Index.

Visa YTD Price Performance

Zacks Investment Research Image Source: Zacks Investment Research

From a valuation standpoint, Visa trades at a forward price-to-earnings ratio of 26.05X, up from the industry average of 20.65. Visa carries a Value Score of C.

Zacks Investment Research Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Visa’s fiscal 2026 earnings implies an 11.7% rise year over year, followed by 13.3% growth next year.

Zacks Investment Research Image Source: Zacks Investment Research

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.


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