Visa Outlines Stablecoin Strategy After Q3 Earnings
During its third-quarter earnings call, Visa outlined its investments across various layers of the stablecoin ecosystem, including blockchain, issuance, wallets, infrastructure, and applications, with notable progress in issuance and application layers. The company mentioned its involvement in the OpenStandard consortium, which plans to issue the OpenUSD stablecoin for global money movement, and indicated that its stablecoin platform will enable partners to settle with stablecoins, support onchain wallet services, and facilitate transfers between fiat and stablecoins, starting with OpenUSD. Additionally, Visa intends to integrate with Pismo to support tokenized deposits for financial institutions and plans to include third-party providers in the future. The company also highlighted artificial intelligence as a long-term growth area, describing stablecoins and AI as complementary technologies, and noted that cross-border volume increased 13% year over year, while processed transactions rose by 10%.























