Visa has introduced the Visa Stablecoin Platform, a solution that enables banks and fintech companies to use stablecoins for payments and treasury operations. The platform integrates with clients’ existing financial infrastructure, making it easier to work with digital assets without requiring them to overhaul their internal systems.
According to Fortune, Visa processes roughly $15 T in settlements each year. The company already handles stablecoin transactions worth several billion dollars and expects that figure to continue growing.
The first asset to be integrated into the platform will be OUSD, a stablecoin introduced by the Open Standard consortium. Visa is one of the consortium’s members and views OUSD as a complement to the already supported USDC from Circle and USDG from Paxos.
Visa’s Global Head of Growth, Rubail Birwadker, said the platform’s main priority is compatibility with the existing financial infrastructure used by banks and businesses.
“It’s not so much about access to stablecoins. It’s about how they fit into treasury operations, fund flows, and our clients’ existing banking infrastructure,” Birwadker said.
From Early Settlements to a Unified Platform
According to Birwadker, Visa has been developing its stablecoin business for nearly six years, helping clients integrate the technology into their existing financial operations.
“We want to guide them along that journey, and we’ve been doing it for almost half a decade. This is simply the next step,” Birwadker said.
He added that Visa aims to hide the technical complexity of blockchain infrastructure, allowing clients to continue using familiar payment and settlement workflows.