Visa Unveils Stablecoin Platform for Banks and Fintech Companies, Launches Beta Support for Open USD

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Visa on Thursday unveiled the Visa Stablecoin Platform (VSP), enabling banks, fintechs, and payment providers to issue, hold, and transfer stablecoins through its payments network. The platform integrates stablecoin minting, redemption, wallet infrastructure, and treasury management into a single enterprise system, combining stablecoin operations with existing payment and settlement workflows. At launch, VSP supports Open USD (OUSD) alongside Visa's existing support for USDC and USDG. The platform is currently available to select beta users and includes wallet management, fund transfers, transaction approval controls, and audit logs.
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