Visa Launches New Stablecoin Platform

Visa Inc. has launched the Visa Stablecoin Platform, a new service aimed at helping banks and fintechs manage stablecoin transactions. The platform is currently in beta testing with select clients, according to Visa.

Visa’s latest initiative is part of its efforts to increase its involvement in stablecoin processing, which it has been exploring for the last three years. This move comes as U.S. lawmakers are drawing up rules for digital currency and Visa’s rival, Mastercard Inc., has expanded its on-chain settlement services for regulated stablecoins.

The Visa Stablecoin Platform provides client institutions and payments processors with access to stablecoins, as well as storage and redemption services. It starts out with Open USD, a U.S. dollar coin launched in June by Open Standard, a platform backed by over 140 companies.

Visa’s service offers access to Open USD, digital-wallet technology, and integration with its network. This capability allows users to more readily include stablecoin processing in their existing payment, treasury, and settlement operations.

Stablecoins are digital currencies whose value is pegged to a national fiat currency, often the U.S. dollar. The introduction of the platform follows the network’s introduction last year of USDC settlement for U.S. banks. USDC is a stablecoin issued by Circle Internet Financial.

Visa has been expanding its stablecoin venture in recent months. In April, the company announced it was adding five blockchains, bringing the total to nine. At the time, Visa said its stablecoin pilot had reached a significant milestone, a run rate of $7 billion in annualized settlement volume, up 50% from 2025’s December quarter.

For most institutions, the hard part isn’t the concept of stablecoins, it’s the operational reality, says Jack Forestell, Visa’s chief product and strategy officer. The platform is aimed at helping companies turn interest in stablecoins into real products and real payment flows, he adds.

The initiative is meant to reassure companies and backers regarding how stablecoins work and how their potential may unfold.

One key benefit is its ability to provide access to stablecoins, as well as storage and redemption services. This helps institutions integrate stablecoin processing into their existing operations.