Visa has announced the launch of the Visa Stablecoin Platform (VSP), designed to help banks and fintech companies integrate stablecoin services into their existing payment and treasury management processes. Visa processes approximately $15 trillion in payments annually and has already handled billions of dollars in stablecoin settlements. By providing around 15,000 financial institutions and more than 200 million merchants with easier access to stablecoins, Visa aims to further expand this volume.
The platform will serve as unified infrastructure for Visa’s stablecoin services, supporting functions such as stablecoin payments, fund transfers, and settlement. At launch, the platform will support OUSD, a new stablecoin introduced by the Open Standard Alliance, while continuing to support stablecoin assets such as USDC and USDG.