Exclusive: Visa launches new platform to provide stablecoin services to more than 200 million merchants
Visa has launched a new platform to provide stablecoin services to over 200 million merchants, allowing banks and fintechs to handle stablecoins within existing payment workflows. The platform will initially support OUSD, a new stablecoin from Open Standard, and aims to simplify stablecoin use for Visa's network of 15,000 financial institutions. Visa processes $15 trillion in payments annually.
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Visa’s stablecoin platform risks fragmentation if OUSD and other tokens bypass settlement layers like FedNow or RTGS—while $15T routed annually could entrench USD-denominated dominance, the 200M-merchant scope hinges on regulatory clarity in each jurisdiction.
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