Visa Bets the Future of Money Still Needs an Operator

Visa launched a stablecoin platform (VSP) that wraps operating infrastructure—permissions, workflows, compliance, reconciliation—around blockchain settlement and stablecoins, positioning itself as the operator layer above on-chain money regardless of asset or chain choice. The move reframes stablecoins not as a replacement for payment networks but as another product layer networks can package and monetise.

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