Visa Launches Stablecoin Platform for Minting, Wallets and Payments

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Visa Inc. (NYSE: V) has launched a new enterprise platform that brings stablecoin issuance, wallets and payment movement into one secure Visa-managed operating environment for banks, fintechs and crypto companies.

The Visa Stablecoin Platform, or VSP, gives institutions a way to mint, burn, hold, transfer and redeem stablecoins without assembling each piece of the infrastructure separately. The service begins with Open USD, a dollar-backed token introduced by Open Standard, and connects those flows with Visa's network, risk and fraud systems.

Clients can use Visa's new Wallet-as-a-Service stack or connect existing wallets, then link bank accounts and configure approvals around who can initiate or authorize transactions. The platform also includes dual-control workflows, audit logs, passkeys and transfer allow lists for institutional treasury, settlement and liquidity operations.

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Jack Forestell, Visa's chief product and strategy officer, said stablecoins are creating a new layer of programmable money, but the operational side remains the larger obstacle for institutions. VSP is designed to give clients one place to "mint, move and manage" stablecoin activity using controls and network reach already built into Visa's payment infrastructure.

The platform is interoperable with Visa's existing stablecoin products, including settlement services, stablecoin-linked cards and cross-border money movement. That gives financial institutions a path to add digital-dollar functionality without separating it from the payment and treasury systems they already use.

VSP and the wallet service are initially available to select clients through a beta program. Visa said feedback from those early deployments will guide how the product expands into broader market availability.

The release extends Visa's stablecoin strategy beyond settlement and card connectivity. By adding issuance access, wallet infrastructure and transaction controls, the company is moving closer to the operating layer institutions need before stablecoins can sit inside everyday financial products.

Visa Inc. (NYSE: V) is currently trading at $361.57 U.S. per share.

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