Visa Posts 14% Revenue Growth, Expands Stablecoin Push
Visa reported a 14% increase in quarterly revenue to $11.6 billion, driven by expanding payments and cross-border volumes globally.
The company outlined its stablecoin strategy during its fiscal third-quarter earnings call on July 28, which includes OpenUSD, tokenized bank deposits, blockchain settlement, and AI-powered commerce within the same payments roadmap.
Visa's stablecoin settlement pilot has reached a $7 billion annualized run rate and supports nine blockchains, including Ethereum and Solana. The company plans to connect its stablecoin platform with Pismo, a cloud-based banking infrastructure provider, to help financial institutions create tokenized deposits while keeping customer funds on bank balance sheets.
Visa also sees AI controlling the commerce front end, replacing parts of the financial system's back-end settlement infrastructure with agentic-commerce systems. The company believes this could increase its addressable market but notes that merchants, banks, and consumers must still adopt the technology, while liability, authentication, and consent rules are still developing.