Jul 16, 2026 — Visa unveiled the Visa Stablecoin Platform (VSP), a unified infrastructure platform enabling banks, fintechs, and crypto firms to access stablecoin capabilities — wallet management, minting, transfers, and redemption — through a single Visa-managed environment.
According to the company (via CryptoBriefing), VSP combines Wallet-as-a-Service with Visa’s payment network, treasury tools, and risk management so institutions can integrate stablecoins into payment, settlement, and liquidity workflows without building separate blockchain infrastructure.
Scale context: Visa settles approximately $15 trillion in payments annually and already processes several billion dollars in stablecoin settlements. The platform targets Visa’s network of roughly 15,000 financial institutions and more than 200 million merchants. Merchants are said to benefit from low-cost, near-instant settlement with transparent on-chain records.
Initial asset support: Open USD (OUSD) from the Open Standard consortium — mint, burn, hold, and transfer, connected to existing bank accounts and approval workflows. Visa is described as a key launch partner / founding participant in Open Standard. VSP is interoperable with existing Visa stablecoin products (settlement services, stablecoin-linked cards, money movement). Currently in beta for select clients; broader availability after testing.
Fortune (Jul 16 exclusive) independently reported the same launch as a one-stop shop for financial institutions integrating stablecoin payments, citing the 200+ million merchant reach.