Visa is launching the Visa Stablecoin Platform, letting banks, fintechs and payment providers mint, move and manage stablecoins in one place. It opens with Open USD, a new stablecoin from Open Standard, and bundles wallet services with bank-account linking and transfer controls.
Visa is opening a single environment for financial institutions, fintechs and other payment providers to mint, move and manage stablecoins, the company said. The Visa Stablecoin Platform brings these functions into one place.
What the platform offers
The platform starts with Open USD, a new stablecoin from Open Standard, and gives clients the tools to mint and burn it alongside wallet services. Clients can link bank accounts, set user approvals and policies, and handle mint, burn and transfer activity from a single environment.
Security sits close to the core. Visa said the platform includes dual-control approvals, audit logs, passkeys and allow lists for transfers.
Turning interest into payment flows
Jack Forestell, Visa's chief product and strategy officer, said firms grasp stablecoins but struggle with the operations, and that the goal is to turn interest into real products and real payment flows.
The platform ties into Visa's other stablecoin work, including settlement, stablecoin-linked cards and money movement. Existing clients can connect current wallets or run a Visa managed wallet stack. Visa said it operates in more than 200 countries and territories.
Source: MarketScreener
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