AI TRENDS | Visa Launches Stablecoin Platform for Banks and Fintech Firms

Visa has launched Visa Stablecoin Platform to help banks and fintech companies integrate stablecoin payment capabilities into existing payment and treasury systems. According to Foresight News, the platform will initially support OUSD, a new stablecoin launched by the Open Standard Alliance, while remaining compatible with stablecoins already supported by Visa, including Circle's USDC and Paxos's USDG. The platform is intended to support stablecoin services for Visa's roughly 15,000 financial institutions and more than 200 million merchants worldwide. It will allow businesses to use U.S. dollar stablecoins for settlement, fund transfers, and financial management within traditional payment networks.