Visa Backs Open USD with New Stablecoin Platform as Circle (CRCL) Faces Fresh Competition
The beta service gives clients tools to mint, burn and transfer Open USD while linking stablecoins to existing payment and treasury workflows.
- On Thursday, Visa launched the Visa Stablecoin Platform , an enterprise service enabling financial institutions and fintechs to integrate stablecoin payments into their existing treasury workflows and payment infrastructure.
- Addressing the operational reality of stablecoins, Visa designed the system to hide technical complexity so clients can focus on payment experiences rather than underlying blockchain infrastructure.
- The platform launches with Open USD support and includes Wallet-as-a-Service infrastructure, dual-control approval workflows, and audit logging to ensure security for institutional users.
- Competitors like Mastercard and American Express have pursued stablecoin strategies, but Visa leverages its network of 15,000 financial institutions to expand its multibillion-dollar settlement business.
- Currently available for beta testing with select clients, the platform allows institutions to explore stablecoin use cases, with Visa planning to scale availability based on learnings from initial deployments.
19 Articles
19 Articles
Visa announced on Thursday (16) the Visa Stablecoin Platform (VSP), an infrastructure that will allow financial institutions, fintechs and payment processors to operate stablecoins under the governance of the card flag itself. Initially in testing phase (beta) for selected customers, the tool will enable the issuance, rescue, custody and transfer of these assets in blockchain environment. The tool starts operations integrated with Open USD (USD)…
Visa Is Expanding Its Crypto Push With New Stablecoin Platform
Visa Inc. unveiled a platform that lets financial firms issue, move and manage stablecoins, broadening the payments giant’s crypto offerings as banks and fintechs prepare for wider adoption of the digital tokens.
Financial Post
Visa Introduces Platform for Stablecoin Minting, Movement and Management
The Visa Stablecoin Platform gives financial institutions, fintechs and other payment providers a single environment to come onchain and run stablecoin operations with Visa. SAN FRANCISCO — Today, Visa (NYSE: V) announced the Visa Stablecoin Platform (VSP), a new enterprise platform designed to help financial institutions, fintechs, and crypto natives access stablecoin capabilities through a […]
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