Summary
Visa has launched a new Stablecoin Platform to enable banks and fintechs to integrate stablecoins into their existing payment and treasury workflows, aiming to expand its stablecoin settlement capabilities. The platform will initially support OUSD, a new stablecoin from the Open Standard consortium, alongside existing assets like USDC and USDG. This move positions Visa to capitalize on the growing adoption of stablecoins for instant, low-cost transactions, competing with rivals like Mastercard who are also advancing their stablecoin strategies.
