Visa Launches Stablecoin Platform for 15,000 Banks and 200M Merchants
- Source
- Fortune
- Time
- 3:30 PM
- Weight
- 94/100
Visa has introduced the Visa Stablecoin Platform, a comprehensive internal system designed to help financial institutions and fintech companies integrate stablecoins into their existing payment and treasury workflows. This new infrastructure aims to simplify the adoption of digital assets for Visa’s global network, which includes approximately 15,000 financial institutions and more than 200 million merchants.
The platform initially supports OUSD, a stablecoin launched by the Open Standard consortium, alongside existing support for assets like USDC and USDG. By utilizing blockchain technology, the system allows for near-instant transaction settlement at a reduced cost compared to traditional methods.