Visa outlines stablecoin strategy during Q3 earnings call
Visa reported fiscal Q3 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%. The company said it is expanding its stablecoin strategy across the ecosystem, investing in blockchain, issuance, wallets, infrastructure, orchestration, and applications. It recently joined the OpenStandard consortium, which plans to issue the OpenUSD stablecoin. Visa’s stablecoin platform will let partners settle in stablecoins, offer onchain wallet-as-a-service, and move money between fiat and stablecoins, starting with OpenUSD. It also plans tokenized deposit support through Pismo. Visa also highlighted AI as a long-term growth driver, saying stablecoins and AI are complementary and that agentic commerce could expand its addressable market.
