Visa joins MAS-led project to pilot stablecoin settlement

Visa is partnering with the Monetary Authority of Singapore to pilot a new system for settling payments using stablecoins. This initiative, known as Project Guardian, aims to bridge the gap between traditional banking rails and digital assets. For retailers, this represents a significant step toward a future where cross-border payments and consumer financing could happen instantly, 24/7, without the standard 2-3 day settlement delays common in today's banking environment. The project focuses on creating a secure, regulated framework for digital currencies to interact with merchant payment systems. While this is currently in the pilot phase, the goal is to make digital asset transactions as seamless as swiping a credit card. If successful, this technology could lower the cost of accepting payments and provide more liquidity for lenders offering consumer financing programs. It marks a shift away from experimental crypto toward regulated, institutional-grade digital payments that big-box retailers and service providers can eventually rely on.

Source: Finextra — Lending

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