Visa pilots stablecoin payroll service

Visa has launched a service enabling companies to convert their fiat currency holdings into stablecoins to pay employee salaries, Cointelegraph reported. The service allows businesses using Visa Direct, the company's digital payment network, to send stablecoins such as USDC directly to employee crypto wallets. The program is currently in a pilot phase with select participants and is scheduled for a broader rollout next year.