Visa Launches Stablecoin Platform Supporting Open USD for Institutional Payments on July 16

On July 16, 2026, Visa announced the launch of Visa Stablecoin Platform (VSP), integrating stablecoin issuance, wallet infrastructure, and payment-network connectivity in a single managed environment for institutional clients. The platform initially supports Open USD and targets treasury, settlement, liquidity, and embedded-payment use cases.

Visa's platform enables participating institutions to mint, burn, hold, redeem, and transfer Open USD through Wallet-as-a-Service infrastructure or existing wallet connections while linking bank accounts and establishing approval policies. VSP includes dual-control authorization, audit logging, secure passkeys, and transfer allow lists to meet institutional governance requirements, allowing financial institutions to embed stablecoin capabilities into existing payment and treasury workflows without overhauling current systems. Select-client beta testing will determine broader institutional adoption.