TBW - Stablecoins in card settlement: what correspondent banks stand to lose
On October 15, Visa Direct moved its stablecoin capability from pilot to production. Its first enabler, Inyo Global, prefunds cross-border payouts in USDC so they can settle in near real time. The same day, Mastercard-owned BVNK launched a platform connecting stablecoins to Mastercard's rails, with Nuvei