Payment giant Visa launches enterprise-grade stablecoin service platform

Odaily Planet Daily reports: Global payment giant Visa is accelerating its expansion into stablecoin infrastructure with the launch of the Visa Stablecoin Platform, designed to help banks and fintech companies integrate stablecoin payment capabilities into their existing payment and treasury management systems. The platform aims to provide stablecoin service support to approximately 15,000 financial institutions and over 200 million merchants within Visa's network, enabling businesses to use dollar-pegged stablecoins for settlement, fund transfers, and financial management within traditional payment networks.

Visa currently processes approximately $15 trillion in payment transactions annually and has already 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 consortium, while continuing to be compatible with existing stablecoins supported by Visa, including Circle's USDC and Paxos' USDG. Visa believes stablecoins are becoming a crucial component of future financial infrastructure, with advantages including:

Instant settlement: transactions no longer depend on traditional bank clearing cycles;

Low-cost transfers: leveraging blockchain networks to reduce payment costs;

Transparent and traceable: on-chain transaction records provide greater verifiability.

Visa has been steadily building 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 program to further drive stablecoin adoption 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 formed partnerships with companies like MoonPay and Paxos; American Express has also participated in building the Open Standard ecosystem.

As traditional payment giants increasingly adopt stablecoins, these digital assets are evolving from crypto-industry payment tools into a vital component of global financial infrastructure. (Fortune)