Fortune reports that Visa has announced the launch of the Visa Stablecoin Platform (VSP), aiming to help banks and fintech companies integrate stablecoin services into their existing payment and treasury management processes, further driving the adoption of stablecoins across its approximately 15k financial institution customers and more than 200 million merchant network. Visa says the platform will serve as a unified infrastructure for its stablecoin services, supporting functions such as stablecoin payments, fund transfers, and settlement. The platform’s initial rollout will support the new stablecoin OUSD introduced by the Open Standard Alliance, and will continue to be compatible with stablecoin assets such as USDC and USDG. Rubail Birwadker, Visa’s Global Growth head, said that stablecoins will become an important part of future financial infrastructure, and that Visa’s goal is to reduce technical complexity so customers can access related services more easily.

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