Visa has introduced the Visa Stablecoin Platform (VSP) on July 16, 2026, for banks, fintech companies, and payment providers connected to its global network of more than 200 million merchants. The service is designed to bring digital dollar settlement and stablecoin management into existing payment and treasury systems without requiring institutions to build their own blockchain infrastructure.
Visa Stablecoin Platform launches with Open USD (OUSD), a dollar-backed stablecoin created by Open Standard. More than 140 industry participants back OUSD, including Visa, Stripe, Mastercard, BlackRock, and Coinbase. Support from major financial and technology companies reflects growing interest in stablecoins for commercial payments and settlement.
Visa already supports stablecoins, including USDC and USDG. The company processes about $15 trillion in payments each year and has expanded stablecoin settlement trials across several regions and blockchain networks. Visa said it had moved billions of dollars in stablecoins through VisaNet, reaching an annualized settlement run rate of about $7 billion as of March 2026.
VSP Integrates Stablecoin Services Into Banking Systems
Visa Stablecoin Platform gives financial institutions one place to issue, manage, and settle stablecoins through Visa infrastructure. Banks and fintech firms can work with stablecoins inside existing payment and treasury operations instead of building separate blockchain systems.
The platform includes tools for minting and burning Open USD tokens, operating digital wallets, handling treasury functions, settling transactions, and applying compliance controls. Visa combines stablecoin services with existing payment, fraud prevention, and risk management systems already used across its network.
Banks and fintech companies are showing stronger interest in stablecoins for liquidity management, cross-border settlement, card-linked products, and merchant payments. Many institutions lack custody, wallet management, compliance, and settlement systems required for digital asset services. Visa aims to connect traditional payment networks with tokenized money through a single platform.
OUSD Adds New Competition in Stablecoin Market
Open USD enters a market led by established dollar-backed stablecoins such as USDC and USDT. Supported by more than 140 financial and technology organizations, Open USD has backing from a broad group of industry participants ahead of its wider commercial rollout.
By connecting with Visa’s network, banks, fintech companies, and payment providers could expand stablecoin use beyond crypto trading. This broader adoption may include business settlements, merchant payouts, treasury operations, and payment services across existing financial networks.
As the platform expands, regulatory requirements will remain a key part of the rollout. Financial institutions must meet local licensing and digital asset rules in each market while following compliance requirements covering fraud prevention, sanctions screening, wallet security, reserve quality, redemption rights, and consumer disclosures.
