Visa Expands Stablecoin Services with New Platform for Financial Institutions

Visa has unveiled a new platform that allows banks, fintech companies, and payment providers to issue, hold, and transfer stablecoins through its global payments network, marking another step toward integrating digital assets into traditional financial infrastructure.

Called Visa Stablecoin Platform (VSP), the platform combines stablecoin issuance, redemption, wallet infrastructure, and treasury management into a single enterprise solution.

Rather than requiring financial institutions to develop their own blockchain infrastructure, VSP enables them to integrate stablecoin operations into existing payment and settlement systems, simplifying institutional adoption.

Visa Stablecoin Platform Streamlines Stablecoin Operations for Institutions

Visa Chief Product and Strategy Officer Jack Forestell said stablecoins are creating a new layer of programmable money, but the main challenge for institutions is managing the operational complexity behind them.

He added that Visa Stablecoin Platform provides clients with a unified environment to issue, transfer, and manage stablecoin activities while maintaining the security controls and network capabilities expected from Visa.

Stablecoins are digital assets designed to maintain a stable value, typically by being pegged to the U.S. dollar. The sector has grown into a market worth around $304 billion, according to CoinGecko.

Visa Expands Stablecoin Support with Open USD, USDC, and USDG

At launch, Visa Stablecoin Platform supports Open USD (OUSD), introduced by the Open Standard consortium in June, alongside Visa’s existing support for Circle’s USDC and Paxos’ USDG.

Initially available to selected beta users, the platform allows institutions to manage digital wallets, transfer funds, and connect wallet infrastructure with existing treasury and settlement systems.

It also includes transaction approval controls and audit logs designed to improve transparency, security, and compliance for institutional users.

• Visa Accelerates Its Stablecoin and Digital Payments Strategy

• The launch follows several initiatives by Visa to strengthen its position in the stablecoin ecosystem.

• In October, Visa published research highlighting the potential for stablecoins to bring parts of the $40 trillion global credit market onto blockchain networks, citing more than $670 billion in stablecoin lending activity over the previous five years.

• In March, Visa became the first major payments company to join the Canton Network as a Super Validator, supporting the use of stablecoins for payments, settlement, and treasury operations on a privacy-focused blockchain network.

• In April, Visa expanded its stablecoin settlement program by adding Base, Polygon, Canton, Arc, and Tempo, increasing the total number of supported blockchain networks to nine. The company also reported that annualized stablecoin settlement volume had reached $7 billion, while supporting more than 130 stablecoin-linked card programs across over 50 countries.

Visa Moves Stablecoins Closer to Mainstream Finance

Visa’s launch of the Stablecoin Platform highlights a broader shift in how major financial companies view stablecoins. Instead of treating them only as digital assets, institutions are increasingly positioning them as payment and settlement infrastructure that can operate alongside traditional financial systems.

By offering ready-made infrastructure rather than requiring companies to build their own blockchain solutions, Visa is lowering the barriers for banks and payment providers seeking to adopt stablecoin technology. As demand grows for faster settlements, programmable payments, and digital financial services, stablecoins could become a key component of the next generation of global payment infrastructure.