Visa is investing across the stablecoin ecosystem, from blockchain to issuance and applications, according to its Q3 earnings call. The company highlighted its involvement with the OpenUSD stablecoin and its plans to integrate tokenized deposits and AI-powered commerce.
Visa's strategic investments in stablecoins and related infrastructure signal a significant move by a major payment processor into the digital asset space, potentially paving the way for broader adoption and integration of blockchain technology in global finance.
Visa is actively investing across the stablecoin ecosystem, as detailed during its third-quarter earnings call. The company reported a 14% year-over-year increase in revenue, reaching $11.6 billion, driven by growth in payments volume, cross-border volume, and processed transactions.
During the call, Visa elaborated on its strategy, stating it is investing in each layer of the stablecoin stack, from blockchain and issuance to wallets, infrastructure, and applications. The company announced its membership in the OpenStandard consortium, which aims to issue the OpenUSD stablecoin for global money movement. Visa's stablecoin platform is designed to allow partners to settle transactions using stablecoins, provide wallet-as-a-service infrastructure, and facilitate fiat-to-stablecoin transfers, starting with OpenUSD.
Furthermore, Visa plans to integrate with Pismo to support tokenized deposits for financial institutions and intends to incorporate other third-party tokenized deposit providers in the future. The company also views artificial intelligence as a key growth area, seeing stablecoins and AI as complementary technologies that will transform commerce.