Visa mentioned it’s investing throughout the stablecoin stack, highlighting OpenUSD, tokenized deposits and AI-powered commerce in the course of the firm’s third-quarter earnings name.
Visa reported fiscal third-quarter income of $11.6 billion, up 14% from a yr earlier, pushed by double-digit progress in funds quantity, cross-border quantity and processed transactions.
Through the firm’s earnings name, Visa outlined its broader stablecoin technique, saying it has been investing throughout a number of layers of the stablecoin ecosystem. The corporate mentioned:
Visa added that it had joined the OpenStandard consortium, which plans to problem the OpenUSD stablecoin for world cash motion. The corporate mentioned the Visa stablecoin platform is designed to allow companions to settle with Visa in stablecoins, present onchain wallet-as-a-service infrastructure and transfer cash between fiat currencies and stablecoins, starting with OpenUSD.
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