Visa launches platform for banks to mint and manage stablecoins

Visa has launched a platform enabling banks and fintechs to mint, manage and settle stablecoins directly into existing payment and treasury systems, starting with the Open Standard consortium's OUSD token. The move positions Visa as infrastructure bridge between blockchain-based money and the legacy 200-million-merchant payment network. If you're building stablecoin or tokenised-deposit products for banks, Visa just became your distribution layer—and your competition. Banks no longer need to choose between blockchain networks and Visa's merchant base; you now have to compete with a platform that lets them do both without leaving existing treasury systems.