Visa Doubles Down on Stablecoins, Sees AI as Complementary Tech
Visa has been investing in the stablecoin ecosystem, including OpenUSD and tokenized deposits. The company reported fiscal third-quarter revenue of $11.6 billion, a 14% increase from last year, driven by double-digit growth in payments volume, cross-border volume, and processed transactions.
During its earnings call, Visa outlined its broader stablecoin strategy, saying it has been investing across multiple layers of the ecosystem. This includes blockchain, issuance, wallets, infrastructure, orchestration, and applications. The company noted that it had made progress in both the issuance and application layers this quarter.
Visa highlighted its membership in the OpenStandard consortium, which plans to issue the OpenUSD stablecoin for global money movement. The Visa stablecoin platform will enable partners to settle with Visa in stablecoins, provide onchain wallet-as-a-service infrastructure, and move money between fiat currencies and stablecoins, starting with OpenUSD.
The platform will also integrate with Pismo to support tokenized deposits for financial institutions, with plans to add third-party tokenized deposit infrastructure providers in the future. Additionally, Visa sees artificial intelligence as a complementary technology to stablecoins, describing it as agentic commerce that will expand its addressable market and drive future growth.