Visa launches a stablecoin platform, and traditional financial institutions finally have an “official entry point”

Author: Visa

Compiled by: ShenChao TechFlow

ShenChao TechFlow Briefing: Visa has officially launched an enterprise-grade stablecoin platform, VSP, providing financial institutions and fintech companies with a one-stop service for stablecoin minting, transfers, and management. This marks that the traditional payments giant is no longer merely watching the crypto space—it is beginning to build infrastructure that helps institutional clients enter the stablecoin world, enabling them to operate on-chain assets using familiar Visa security standards.

San Francisco—Today, Visa (NYSE code: V) announced the launch of the Visa Stablecoin Platform (VSP), a new enterprise platform designed to help financial institutions, fintech companies, and crypto-native enterprises access stablecoin functionality through a single Visa-managed environment.

Built on Visa’s broader crypto strategy, VSP offers financial institutions, fintech companies, and other payment providers a simple way to access, store, and redeem stablecoins, starting with Open USD—an innovative new stablecoin recently introduced by Open Standard. This includes on-chain wallet infrastructure provided by the newly launched wallet-as-a-service offering, as well as integration capabilities to mint and burn Open USD.

“Stablecoins are opening up a new layer of programmable money, but for most institutions, the challenge isn’t the concept—it’s the operational reality,” said Jack Forestell, Visa’s Chief Product and Strategy Officer. “With the Visa stablecoin platform, we provide customers with a single place to mint, transfer, and manage stablecoin operations, while maintaining the control, security, and network coverage they already expect from Visa. This is how we help them turn their interest in stablecoins into truly products and real payment flows.”

The Visa stablecoin platform provides direct access to a range of stablecoin functions and workflows, paired with Visa’s network, risk, and anti-fraud capabilities—enabling institutions to move from exploration to implementation with greater confidence. Specifically, it includes:

Access Open USD

VSP seamlessly integrates into Open Standard, giving institutions direct access to Open USD, together with Visa network services. This provides customers with an easy way to mint, burn, manage, and transfer Open USD—bringing fiat on-chain and managing processes in an environment they already trust.

On-chain wallet infrastructure

VSP packages the wallet infrastructure, controls, and workflows required to make stablecoins usable within real-world fund management, settlement, and product ecosystems, tailored for a range of institutional use cases.

Integrated into the Visa network

VSP is designed to connect stablecoins to Visa’s network and tools, allowing users to embed stablecoin functionality into existing payment flows, fund management operations, and settlement processes. For existing Visa customers that already use Visa settlement, fund management, and currency solutions, VSP provides direct interoperability—enabling the seamless integration of stablecoins into the workflows and systems they rely on today.

Built for trust from day one

VSP enables institutions to interact with stablecoin workflows using the same security and trust standards Visa is known for. Users will be able to access features such as dual-control approval workflows—where one user initiates a sensitive operation and another authorized user must approve—comprehensive audit logs, as well as the security keys and allowlists for wallet-as-a-service to control transfers, helping to provide the level of security and control they need to operate.

VSP is interoperable with Visa’s existing stablecoin products, including stablecoin settlement, stablecoin associated cards, and stablecoin fund transfers. Together, these capabilities provide a complete set of solutions that help financial institutions and fintech companies go on-chain, while enabling crypto platforms to access Visa’s global network.

How to get started

Enrollment and operations: Institutions can join Visa-managed wallet stacks or connect existing wallets, creating a single hub to manage stablecoin minting, burning, and transfer activities.

Connect bank accounts and control: Customers can link bank accounts and configure approvals, users, and policies to manage who can initiate and approve stablecoin transfers.

Mint, transfer, and manage stablecoin operations: From the start, VSP supports minting, redeeming, holding, and transferring stablecoins, starting with Open USD as part of fund management, settlement, and liquidity workflows.

VSP, including wallet-as-a-service, will initially be opened to a select group of customers for Beta testing, providing early opportunities to explore how stablecoins can fit into their strategies. As customers test and refine use cases, Visa will use these experiences to guide how and where the platform expands to broader market availability.

Visa (NYSE code: V) is a global leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to help individuals, businesses, and economies thrive by connecting the world through the most innovative, convenient, reliable, and secure payment network. We believe that an inclusive economy for everyone, everywhere, lifts everyone, everywhere—and that access is the foundation for the future of money movement. Learn more at Visa.com.