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Visa launches stablecoin platform for banks and fintech payments
Visa said its Visa Stablecoin Platform will combine stablecoin minting, redemption, wallet infrastructure, and treasury management, and start with a beta rollout for select customers.
Visa has introduced the Visa Stablecoin Platform, a new enterprise system designed to let banks, fintech companies, and payment providers issue, hold, and transfer stablecoins through Visa's payments network. The platform is built to integrate stablecoin operations into existing payment and settlement workflows rather than requiring institutions to build their own blockchain infrastructure.
Visa said the service will include stablecoin minting and redemption, wallet infrastructure, and treasury management, along with transaction approval controls and audit logs. The platform is entering beta with select customers before a wider rollout.
At launch, Visa said support will include Open USD (OUSD), alongside its existing support for Circle's USDC and Paxos' USDG. Visa also positioned the move as part of stablecoins becoming a layer of programmable money for institutions, with the controls, security, and network reach it already provides.
The company previously highlighted stablecoins' potential to bring parts of the roughly $40 trillion global credit market onto blockchain rails, and it has also participated in stablecoin network efforts such as joining the Canton Network as a Super Validator for use in payments and settlement. Decrypt reports Visa's stablecoin platform is aimed at making stablecoin operations more practical for financial institutions.