Visa has launched its Visa Stablecoin Platform, a new service that lets the payments giants 15,000 partner banks and over 200 million merchants mint and move stablecoins within the Visa network. The platform initially integrates with Open USD (OUSD), the stablecoin developed by the Open Standard consortium.
The platform allows financial institutions to integrate stablecoin payments and treasury operations into Visas existing infrastructure. Crypto head Cuy Sheffield unveiled the initiative, which Fortune reported will bring stablecoin services to a massive existing merchant base. The platform supports multiple payment types from traditional cards to stablecoins, giving banks a regulated onramp to digital dollar transactions.
This move places Visa at the center of the stablecoin ecosystem, competing with traditional payment rails while embracing blockchain-based settlement. The initiative builds on Visas existing work with the x402 protocol, which enables AI agents and applications to make payments over HTTP. Visa has also been active in tokenized deposits and digital collateral mobility projects.
The launch comes amid a broader institutional embrace of stablecoins. Banks, payment processors, and fintechs are increasingly looking to stablecoins as a faster, cheaper settlement layer. As reported by Decrypt and The Block, Visas entry could accelerate mainstream adoption of stablecoin-based payments across the financial industry.
