TLDR Tech / Crypto
Visa Launches Stablecoin Platform for 200M+ Merchants
Visa has launched the Visa Stablecoin Platform, integrating stablecoin transactions into the existing payment and treasury workflows of its 15,000 financial institution partners and 200+ million merchant network without requiring new payment infrastructure. The platform debuts with Open USD (OUSD), a dollar-backed stablecoin issued by the Open Standard consortium, co-founded by Visa, Mastercard, and American Express, with USDC from Circle and USDG from Paxos also supported at launch. Visa already settles about $15 trillion in payments per year and processes several billion dollars in stablecoin settlements through existing products, with the new platform consolidating those capabilities under a single interface offering instant settlement and blockchain-based transaction records.
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