Visa unveils stablecoin platform for banks, fintechs

Visa has launched a stablecoin platform enabling banks and fintechs to issue, transfer, and manage stablecoins across multiple blockchains on a single system, initially supporting Open USD. The move follows US regulatory changes including the GENIUS Act and banking agency guidance shifts that have opened the door for banks to engage with digital assets. Visa just became the settlement layer for stablecoins, not the network sitting on top of them. If you're building a fintech payments tool or treasury product on stablecoins, you now need to decide whether to integrate Visa's platform or compete directly with a company that moves more volume in a day than your entire roadmap.