Visa Unveils Stablecoin Platform for Banks and Fintech Companies

Visa has launched the Visa Stablecoin Platform (VSP), an enterprise system that lets banks and fintechs issue, hold and transfer stablecoins without building their own blockchain infrastructure. The platform integrates minting, redemption, wallet and treasury management into existing payment workflows and initially supports Open USD, USDC and USDG.

This Wire brief sits within Fusion42's coverage of Fintech, Crypto & Web3 and Payments. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.