Visa Launches Platform for Stablecoin Payments

Visa has launched the Visa Stablecoin Platform, a new service that allows financial institutions to issue, transfer, and manage stablecoins through a single platform. Currently, the platform is in beta testing. 

The launch will begin with Open USD (OUSD), a new stablecoin set to launch later in 2026. The company said it’s designed to help them integrate stablecoin capabilities into their existing payment operations.

The platform supports stablecoin issuance, treasury management, blockchain-based transfers, and settlement. It also enables institutions to connect stablecoin operations with Visa's global payments network without building their own blockchain infrastructure.

According to Visa, financial institutions will be able to use the platform to mint and burn stablecoins, move funds between supported blockchains, and settle transactions using digital assets. The company said the service is intended for banks, fintechs, and licensed payment providers exploring stablecoin-based products and cross-border payments.

Jack Forestell, chief product and strategy officer of Visa, said:

Stablecoins are opening up a new layer of programmable money, but for most institutions the hard part isn’t the concept, it’s the operational reality.

The launch follows a series of Visa stablecoin initiatives, including pilots for stablecoin settlement and digital asset payouts.