Visa Unveils Stablecoin Platform for Banks and Fintech Companies

Visa has launched the Visa Stablecoin Platform, a new enterprise system that lets banks, fintech companies, and payment providers issue, hold, and transfer stablecoins through its existing payments network without building their own blockchain infrastructure.

Announced Thursday in a company blog post, the Visa Stablecoin Platform, known internally as VSP, bundles stablecoin minting, redemption, wallet infrastructure, and treasury management into a single system. Financial institutions can use it to manage wallets, transfer funds, and connect those wallets to existing treasury and settlement workflows. The platform also includes transaction approval controls and audit logs.

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