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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.