(17 July 2026 – United States) Visa has launched VSP, its new Stablecoin Platform, featuring a single system for banks and fintechs to issue, store, transfer, and redeem digital dollars.
The Visa Stablecoin Platform (VSP) is an internal system that enables banks and fintechs to handle stablecoins, which are a form of cryptocurrency that are backed with reserves to maintain a one-to-one peg to the US Dollar, within their existing Visa payment and treasury workflows.
Visa, which settles US$15 trillion in payments annually and become the first payments network to settle transactions in USDC in 2020, processes billions in stablecoin settlements already and is seeking to expand that by offering a simpler way for its network of 15,000 financial institutions (FIs) and more than 200 million merchants to use stablecoins.
VSP launched with support for OpenUSD, a new stablecoin from Open Standard. Visa views OUSD as an innovative method for expanding its stablecoin offering while complementing the assets it already supports, including Circle’s USDC and Paxos’ USDG.
“It’s less about accessing stablecoins and more about how… this interoperate[s] with their treasury settlement, their money movement workflows, [and] their existing bank setups” stated Visa Global Head of Growth, Rubail Birwadker in a Fortune exclusive for Camila Grigera Naón.