Visa Expands Stablecoin Push With New Platform Serving 200 Million Merchants
Visa Inc. (NYSE: V ) on Thursday unveiled a new stablecoin infrastructure platform aimed at helping banks and fintech companies integrate dollar-backed cryptocurrencies into existing payment and treasury operations. Visa Stablecoin Platform The new Visa Stablecoin Platform enables financial institutions to manage stablecoins within Visa’s existing payment and treasury infrastructure rather than building separate blockchain systems. Visa, which processes roughly $15 trillion in annual payment volume, already settles several billion dollars using stablecoins. The company said the platform is designed to make stablecoin adoption easier for its network of approximately 15,000 financial institutions and over 200 million merchants. "It’s less about accessing stablecoins and more about how this interoperates with their treasury settlement, money movement workflows and existing ba...
Visa Inc. (NYSE: V ) on Thursday unveiled a new stablecoin infrastructure platform aimed at helping banks and fintech companies integrate dollar-backed cryptocurrencies into existing payment and treasury operations.
Visa Stablecoin Platform The new Visa Stablecoin Platform enables financial institutions to manage stablecoins within Visa’s existing payment and treasury infrastructure rather than building separate blockchain systems.
Visa, which processes roughly $15 trillion in annual payment volume, already settles several billion dollars using stablecoins.
The company said the platform is designed to make stablecoin adoption easier for its network of approximately 15,000 financial institutions and over 200 million merchants. "It’s less about accessing stablecoins and more about how this interoperates with their treasury settlement, money movement workflows and existing banking infrastructure," Rubail Birwadker, Visa’s global head of growth, told Fortune.
The platform will initially support OUSD, the new stablecoin introduced by Open Standard, a consortium of financial institutions that includes Visa as a partner.
Visa Not Alone In Embracing Stablecoins The payments giant became the first major payment network to settle transactions using USDC in 2020 and expanded its stablecoin settlement capabilities in late 2025.
Birwadker explained that Visa’s priority is simplifying the user experience by hiding the underlying blockchain complexity while allowing customers to benefit from faster and more efficient payment infrastructure.
Visa is not alone in embracing stablecoins.
Mastercard Inc. (NYSE: MA ) recently expanded its stablecoin settlement capabilities by allowing banks and payment providers to settle card transactions using six regulated dollar-backed stablecoins.
Meanwhile, American Express Co. (NYSE: AXP ) has also joined Open Standard alongside Visa and Mastercard, signaling growing support among traditional payment networks for stablecoin-based financial infrastructure.
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