Visa has unveiled the Visa Stablecoin Platform, a new service aimed at banks, fintech firms, and payment providers, designed to streamline the issuance, holding, and transfer of stablecoins within Visa’s global payments network.
Comprehensive stablecoin solution for institutions
The initiative enables financial institutions to manage stablecoin operations without the need to build their own blockchain infrastructure. Instead, the platform offers an integrated system for stablecoin minting, redemption, wallet management, and treasury services, aligning these functions with Visa’s existing payment and settlement workflows.
Visa’s Chief Product and Strategy Officer Jack Forestell described the new platform as a significant step for enterprises interested in stablecoin adoption. He stated, “Stablecoins are opening up a new layer of programmable money, but for most institutions the hard part isn’t the concept, it’s the operational reality. With the Visa Stablecoin Platform, we’re giving our clients a single place to mint, move, and manage stablecoin operations with the controls, security, and network reach they already expect from Visa.”
With the Visa Stablecoin Platform, we’re giving our clients a single place to mint, move, and manage stablecoin operations with the controls, security, and network reach they already expect from Visa.
The global stablecoin market has reached $304 billion in market capitalization, according to figures from CoinGecko, with most tokens pegged to the US dollar.
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AAPLSupport for Open USD and expansion of stablecoin products
At its initial launch, the Visa Stablecoin Platform supports Open USD (OUSD), a stablecoin developed by the Open Standard consortium earlier this year. In addition, the service integrates with Visa’s existing stablecoin products, including USDC by Circle and USDG by Paxos.
The platform, which has entered a beta phase with a limited number of customers, allows clients to manage wallets, transfer stablecoins, and integrate new stablecoin workflows into their current treasury and settlement systems. Security features such as transaction approvals and audit trails are also built in.
Mini dictionary: Open Standard consortium, an organization focused on promoting interoperable stablecoin standards and responsible for introducing Open USD (OUSD).
Visa’s ongoing growth in stablecoin markets
Visa’s latest move builds on a series of recent developments in the stablecoin sector. In October, the payments company published research supporting the potential for stablecoins to move part of the $40 trillion global credit market onto blockchain-based platforms. The firm cited $670 billion in stablecoin lending over the past five years as evidence of growing adoption.
In April, Visa broadened its stablecoin settlement capabilities by adding support for additional blockchain networks, including Base, Polygon, Canton, Arc, and Tempo, boosting its total supported blockchains to nine. At that time, Visa reported $7 billion in annualized stablecoin settlements and said it was powering over 130 stablecoin-linked card programs in more than 50 countries.
| Network | Supported by Visa (since April) |
|---|---|
| Base | Yes |
| Polygon | Yes |
| Canton | Yes |
| Arc | Yes |
| Tempo | Yes |
Visa, a leader in global payments, continues to expand its digital asset offerings as stablecoins gain traction in both retail and institutional finance.
