Worldpay and BVNK have collaborated to offer near-instant global payouts in stablecoins for clients in the UK and US without requiring them to manage or hold digital assets directly.
The new service will be accessible through Worldpay's existing payouts platform, with stablecoins being the first form of digital asset supported on the platform.
Worldpay began exploring stablecoin capabilities in 2022 and completed a pilot programme with Visa in 2023 to expedite fund transfers, setting the stage for the upcoming launch of stablecoin payouts with BVNK.
The pilot for stablecoin payouts is set to go live in the second half of 2025, aiming to simplify global cross-border payments and provide modern, efficient payment options to businesses worldwide.