Visa Inc. (NYSE:V) on Thursday unveiled a new stablecoin infrastructure platform aimed at helping banks and fintech companies integrate dollar-backed cryptocurrencies into existing payment and treasury operations.
Visa Stablecoin Platform
The new Visa Stablecoin Platform enables financial institutions to manage stablecoins within Visa’s existing payment and treasury infrastructure rather than building separate blockchain systems.
Visa, which processes roughly $15 trillion in annual payment volume, already settles several billion dollars using stablecoins.
The company said the platform is designed to make stablecoin adoption easier for its network of approximately 15,000 financial institutions and over 200 million merchants.
