Crypto

Visa Direct commercialises USDC prefunding service, first partner is Innyo Global

Visa will support a USDC prefunding service through its remittance and payments service Visa Direct, The Block reported on Thursday. Innyo Global is the first Visa Direct processor to offer the USDC prefunding service to its clients, the report said. Prefunding involves companies preloading funds before making overseas payments. Innyo clients can now preload those funds in USDC and use them for cross-border remittances after bank business hours.

Crypto

Circle expands USDC, EURC payment infrastructure targeting SAP enterprise clients

Circle is expanding payment functions for its stablecoins USDC and EURC for companies using SAP finance software. It is partnering with Tereina, a financial services company backed by German software firm SAP, to integrate the stablecoins into corporate payment systems. Companies will be able to send and receive USDC and EURC within existing applications. The companies plan to test stablecoin-based global payments and treasury operations for global clients over the coming months.