Visa launched the Visa Stablecoin Platform with Open USD support, letting banks issue and settle stablecoins, sending Circle shares down roughly six percent.

Circle's CRCL stock faces pressure as the $310B stablecoin market attracts competitors like Open USD, backed by Coinbase and BlackRock, despite OCC bank

The new platform lets banks and fintechs mint, move, and manage stablecoins directly through its network.

Visa Introduces Platform for Stablecoin Minting, Movement and Management

Open Standard's stablecoin is expected to become a major competitor to Circle's USDC, the dominant stablecoin in the U.S.

The Visa Stablecoin Platform lets financial institutions integrate stablecoin payments and treasury operations into Visa's existing network.

Visa unveils Stablecoin Platform for financial institutions to integrate dollar-backed cryptocurrencies in existing payment and treasury operations.

Visa launched a stablecoin platform that lets banks and fintechs issue, manage and settle digital dollars through its payments network.

Visa launched a stablecoin platform that lets banks and fintechs issue, manage and settle digital dollars through its payments network.

Visa launched the Visa Stablecoin Platform with Open USD support, letting banks issue and settle stablecoins, sending Circle shares down roughly six percent.

Visa launched the Visa Stablecoin Platform, an enterprise system supporting Open USD, crypto head Cuy Sheffield said, with Fortune citing reach to 200M+ merchants.

Visa launched its Stablecoin Platform (VSP) in beta, enabling banks and fintechs to mint, manage, and settle stablecoins within its global payments network.