Visa Launches Institutional Stablecoin Stack, Raising the Stakes for Fiserv’s FIUSD Rollout

Visa introduced the Visa Stablecoin Platform, a managed environment through which financial institutions, fintechs and crypto companies can mint, redeem, hold and transfer stablecoins. It begins with Open USD and includes wallet infrastructure, bank-account connectivity, approval controls and integration with Visa’s settlement and treasury products. The platform and its Wallet-as-a-Service component are initially available in beta to selected clients.