Visa outlines stablecoin strategy during Q3 earnings call
Visa reported fiscal third-quarter revenue of $11.6 billion, up 14% year over year, supported by double-digit growth in payments volume, cross-border volume, and processed transactions. Cross-border volume rose 13% annually, or 12% excluding intra-Europe, and processed transactions increased 10%. Visa also described an expanded stablecoin strategy, saying it is investing across the stablecoin stack, including blockchain, issuance, wallets, infrastructure, orchestration, and applications. It said recent progress has come in issuance and application layers. Visa joined the OpenStandard consortium, which plans to issue the OpenUSD stablecoin for global money movement. The company said its stablecoin platform will let partners settle with Visa in stablecoins, provide onchain wallet-as-a-service infrastructure, and move funds between fiat and stablecoins, starting with OpenUSD. It will also integrate with Pismo to support tokenized deposits and may add other providers later. Visa framed stablecoins and AI as complementary growth drivers, saying AI could expand “agentic commerce” and its addressable market.
