The Visa Stablecoin Platform lets the network’s 15,000 banks and 200 million merchants mint and move stablecoins, beginning with Open Standard’s OUSD.
Original image credit: JHVEPhoto / Shutterstock.com
Posted July 17, 2026 at 6:31 am EST.
Original image credit: JHVEPhoto / Shutterstock.com
Visa on Thursday launched an internal platform that lets banks and fintechs use stablecoins within their existing payment and treasury workflows, according to Fortune. The Visa Stablecoin Platform is aimed at the network’s roughly 15,000 financial institutions and more than 200 million merchants.
Visa, which already processes billions of dollars in stablecoin settlements, wants to grow that figure by making the technology easier to adopt, Fortune reported. The goal is to connect stablecoins to clients’ treasury, settlement, and money-movement operations, Visa Global Head of Growth Rubail Birwadker was quoted as saying by Fortune. The new platform will cover all of Visa’s stablecoin services, Birwadker reportedly said.
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The launch marks a shift from Visa settling stablecoin transactions to productizing them for its entire client base.
The platform launches with OUSD, the dollar stablecoin from Open Standard, a consortium backed by more than 140 companies including Visa, Mastercard, and BlackRock that was unveiled in late June. Visa, an Open Standard partner, said OUSD complements the assets it already supports, including Circle’s USDC and Paxos’ USDG. Rivals Mastercard and American Express have also partnered with Open Standard, and Mastercard last month began letting banks settle card transactions in six dollar-backed stablecoins.
Visa has been building toward this for years. It became the first major payments network to settle a transaction in USDC in 2020 and has since expanded stablecoin support across multiple blockchains.
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AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
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