Visa is building a platform helping banks and fintechs integrate stablecoins into existing payment systems through OUSD support initially offered. According to Birwadker, the platform connect
Visa is building a new platform that will help banks and fintech companies integrate stablecoins into their existing payment infrastructure, according to a Fortune report. The initiative reflects the payment giant’s broader effort to simplify institutional use of digital dollars while supporting settlement across traditional financial systems.
According to Fortune, the platform will launch with the Open Standard stablecoin, known as OUSD, which many market participants expect to compete directly with Circle’s USDC, the leading U.S. dollar-backed stablecoin in the American market. Although Visa has not disclosed a launch date, the platform signals its intention to strengthen stablecoin adoption among financial institutions.
Besides adding OUSD, Visa already supports Circle’s USDC and Paxos-issued USDG. Consequently, the company is expanding its network to accommodate multiple regulated stablecoins instead of relying on a single issuer. That strategy gives banks and fintech firms more flexibility when choosing digital settlement assets.
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According to Rubail Birwadker, Visa’s Global Head of Growth, the company’s objective extends beyond providing access to stablecoins. Instead, the platform aims to help financial institutions connect stablecoins with treasury settlements, payment workflows, and existing banking infrastructure.
That approach addresses one of the biggest hurdles facing institutional adoption. Many banks and fintech companies already operate established payment systems. Therefore, integrating blockchain-based assets without disrupting existing processes remains a critical requirement. Moreover, Visa’s platform seeks to make that transition more practical by allowing institutions to incorporate stablecoins into their daily operations rather than treating them as standalone digital assets.
Meanwhile, OUSD has attracted substantial industry backing before its official release. Last month, more than 140 companies, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, announced plans to support the stablecoin initiative. The project also plans to differentiate itself through its reserve model. Most earnings generated from reserve assets will flow back to participants. Additionally, businesses will be able to mint and redeem OUSD without paying fees or facing volume restrictions, making it suitable for large-scale commercial transactions.
Visa has also outlined its broader view of stablecoins within modern payments. According to Jack Forestell, the company’s Chief Product and Strategy Officer, artificial intelligence is changing the customer-facing side of commerce, while stablecoins are transforming payment infrastructure behind the scenes. He added that Visa’s role is to ensure those technologies operate securely, reliably, and at global scale across the payments ecosystem.
Conclusion
Visa’s planned platform reinforces its commitment to expanding stablecoin services for institutional users. By supporting OUSD alongside USDC and USDG, the company is positioning its payment network to accommodate growing demand for blockchain-based settlement while maintaining compatibility with existing banking operations.
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