Payment giant Visa launches enterprise-grade stablecoin service platform

Odaily Planet Daily News: Global payment giant Visa is accelerating its stablecoin infrastructure deployment with the launch of the Visa Stablecoin Platform, designed to help banks and fintech companies integrate stablecoin payment capabilities into their existing payment and fund management systems. The platform aims to provide stablecoin service support to Visa's approximately 15,000 financial institutions and over 200 million merchants worldwide, enabling enterprises to settle transactions, transfer funds, and manage finances using USD stablecoins within traditional payment networks.

Visa currently processes approximately $15 trillion in payment transactions annually and has handled billions of dollars in stablecoin settlement volume. Through this new platform, the company seeks to further expand the application scope of stablecoins. The Visa Stablecoin Platform will initially support the new stablecoin OUSD, launched by the Open Standard Alliance, while continuing to be compatible with existing supported stablecoins, including Circle's USDC and Paxos' USDG. Visa believes stablecoins are becoming a critical component of future financial infrastructure, with advantages including:

Instant settlement: Transactions do not rely on traditional bank clearing cycles;

Low-cost transfers: Blockchain-based networks reduce payment costs;

Transparency and traceability: On-chain transaction records provide higher verifiability.

Visa has been consistently expanding its presence in the stablecoin space. In 2020, Visa became the first global payment network to support USDC settlement; in 2025, the company launched a stablecoin settlement plan to further drive stablecoins into mainstream payment systems.

Meanwhile, Visa's competitors are also accelerating their entry into the stablecoin market. Mastercard recently launched a stablecoin settlement solution and has partnered with companies such as MoonPay and Paxos; American Express has also joined the Open Standard ecosystem development.

As traditional payment giants increasingly embrace stablecoins, they are transitioning from crypto industry payment tools to a vital component of global financial infrastructure. (Fortune)