# Visa and Mastercard Add USDC Payout Routes as Circle Targets 40 New Markets and Japan's Three Megabanks Finish a Yen Stablecoin Trial

Dollar stablecoins total $306 billion in circulation per DeFiLlama, but Circle's first-half results show distribution partners capture most of the revenue the reserves earn.

- Published: 2026-10-17T05:38:56.693Z
- Canonical: https://polylog.news/crypto/2026-10-17/visa-and-mastercard-add-usdc-payout-routes-as-circle-targets
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate](https://cryptoslate.com/visa-and-mastercard-adopt-usdc-payouts-across-200-countries/), [CoinDesk](https://www.coindesk.com/business/2026/10/16/circle-targets-40-new-markets-as-stablecoin-demand-grows-globally), [CryptoSlate](https://cryptoslate.com/usdc-processed-36-trillion-in-h1-transactions-but-circle-kept-just-7-cents-of-every-revenue-dollar/), [CryptoSlate](https://cryptoslate.com/cross-river-bank-links-2-4b-rlusd-to-core-banking-system/), [Polylog editors](https://polylog.news), [CryptoSlate](https://cryptoslate.com/cardano-shifts-26m-to-usdcx-as-bridge-controls-freeze-payouts/)

The two largest card networks are adding stablecoin funding routes for businesses. CryptoSlate reports that Visa's Inyo rollout and Mastercard's BVNK platform let companies fund payouts in USDC across a network of about 200 countries, subje…

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