Visa Unveils Stablecoin Platform for Banks and Fintech Companies
Visa launched Visa Stablecoin Platform, a new enterprise system for banks, fintechs, and payment providers to mint, hold, transfer, redeem, and manage stablecoins within Visa’s payments network. It bundles wallet infrastructure, treasury management, transaction controls, and audit logs, and is designed to fit into existing payment and settlement workflows instead of forcing institutions to build blockchain infrastructure themselves. The platform currently supports Open USD, along with Visa’s existing support for USDC and USDG, and is rolling out first to select beta users. Visa says the goal is to make stablecoin operations simpler, more secure, and easier to integrate with current financial systems. The launch adds to Visa’s broader push into stablecoins, following research on blockchain-based credit markets, a role on Canton Network as a Super Validator, and expanded stablecoin settlement support across more blockchain networks.
