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. If you're building stablecoin infrastructure for banks—wallets, settlement, custody—Visa just became your distribution partner and your competitor. They've moved from supporting your rails to owning the operating system.