Visa Launches Internal Stablecoin Platform with OUSD Integration

Visa is launching an internal platform designed to help banks and fintech companies handle stablecoins, according to Fortune. The payment processor, which serves over 200 million merchant clients, will integrate the Open Standard (OUSD) stablecoin into the new platform. The initiative aims to simplify how financial institutions manage stablecoin operations within their existing treasury settlement and money movement workflows.

Visa Partners with OUSD Stablecoin for Platform Launch

Visa will launch the new platform with the Open Standard (OUSD) stablecoin, according to the report. The OUSD stablecoin is expected to launch later this year. Last month, over 140 companies — including Visa, Stripe, Mastercard, BlackRock and Coinbase — announced they planned to launch OUSD, a stablecoin meant to share most of the earnings it collects from holding reserves. Businesses will be able to mint and redeem Open USD without fees or volume limits. The company did not provide details on when the platform will become available.

Visa Already Supports USDC and USDG Stablecoins

Visa already supports Circle's USDC and Paxos' USDG stablecoins. The new platform expands the company's stablecoin infrastructure beyond these existing integrations.

Visa Executives Explain Platform's Treasury Integration Focus

"It's less about accessing stablecoins and more about how... this interoperate[s] with their treasury settlement, their money movement workflows, [and] their existing bank setups," Visa's Global Head of Growth, Rubail Birwadker told Fortune.

Last month, Visa publicly discussed how stablecoins are reshaping the global payments infrastructure. "AI is transforming the front end of commerce. Stablecoins are reshaping the back end," said Visa's Chief Product and Strategy Officer Jack Forestell. "Visa's role is to enable it to work securely, reliably and at global scale, for every participant in the ecosystem."

FAQ

What is Visa's new stablecoin platform designed to do? Visa's new internal platform is designed to help banks and fintech companies handle stablecoins more easily, focusing on integration with treasury settlement, money movement workflows, and existing bank setups.

Which stablecoin will Visa's platform launch with? Visa will launch the platform with the Open Standard (OUSD) stablecoin, which is expected to launch later this year. Over 140 companies including Visa, Stripe, Mastercard, BlackRock and Coinbase announced plans to launch OUSD last month.

What other stablecoins does Visa currently support? Visa already supports Circle's USDC and Paxos' USDG stablecoins in addition to the upcoming OUSD integration.