Visa Launches USDC-Backed Cross-Border Payments Pilot
Visa has launched a USDC funding program for global payments in partnership with Inyo Global.
Visa has launched a USDC funding program for global payments in partnership with Inyo Global. USDC (USDC) is trading at $0.9998. This is an original TLT brief based on reporting by Crypto.news, with live market data added, as of Fri, 16 Oct 2026 09:45:02 UTC.
This development marks a significant step in integrating stablecoins into mainstream financial infrastructure, potentially increasing the efficiency and speed of cross-border transactions.
- Visa's USDC pilot is now in commercial use for eligible businesses.
- The program is facilitated through Inyo Global.
- USDC market cap stands at $72.58B, reflecting stablecoin's growing adoption.
Visa has announced the commercial launch of its 
USDC funding program for cross-border payments, in partnership with Inyo Global. This initiative allows eligible businesses to use USDC for funding cross-border transactions, leveraging the stablecoin's stability and efficiency.
The program aims to address the challenges of traditional cross-border payments, such as high costs and slow transaction times. By using USDC, Visa hopes to provide a more efficient and cost-effective solution for businesses engaged in international trade.
The USDC circulating supply currently stands at $72.66B, according to DeFiLlama, underscoring the stablecoin's significant role in the cryptocurrency market. This development aligns with the broader trend of increasing adoption of digital assets for financial services.
The total cryptocurrency market cap is $2.83T, with 
Bitcoin leading the charge at a 24-hour increase of 1.09%. The Fear & Greed Index is at 63, indicating a 'Greed' sentiment in the market. USDC is currently priced at $0.999784, with a slight 0.02% increase over the past 24 hours.
This move by Visa highlights the growing integration of cryptocurrencies into traditional financial systems. As more companies explore the use of stablecoins for various financial services, the demand for efficient and reliable blockchain-based solutions is expected to rise.
Since this brief published about 2 hours ago, USDC (USDC) has moved from $0.9998 to $0.9998 — +0.00%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₦1,364.37 (about $0.9998), up 0.0% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Visa Launches USDC-Backed Cross-Border Payments Pilot — questions & answers
What is Visa's USDC funding program?
It's a program that allows eligible businesses to use USDC for funding cross-border payments.
Who is Visa's partner for this initiative?
Visa's partner for the USDC funding program is Inyo Global.
How does this affect the USDC market?
The program could increase USDC adoption, potentially boosting its market cap and usage in global transactions.
How much is 1 USDC worth in naira today?
About ₦1,364.37 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9998. The naira price moves with both USDC's US-dollar price and the USDT/NGN rate; use our USDC in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.