MVB Partners With Velocity for Visa Direct Stablecoin Settlement Pilot

This partnership between MVB Bank and Velocity introduces a new way for businesses to handle payouts using stablecoins through the Visa Direct network. For retailers and service providers, this signals a shift toward near-instant settlement times for transactions that traditionally take days to clear. By using stablecoins—digital currencies pegged to the U.S. dollar—the pilot program aims to bypass the friction of legacy banking hours and high-fee wire transfers. While this pilot focuses on 'push-to-card' payouts, the underlying technology is what matters for your operations. It means faster access to capital and potentially lower costs for moving money across your business ecosystem. As consumer financing platforms look for ways to fund merchants more quickly after a sale, stablecoin settlement via established networks like Visa provides a reliable bridge between traditional finance and faster digital assets. This move suggests that 'instant funding' for your financed sales could soon become the industry standard rather than a premium feature. It reduces the waiting period between a customer signing a finance agreement and the cash hitting your business account.

Source: PYMNTS

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