Visa introduces enterprise stablecoin platform
17 July 2026 US
Image: Tada_Images/stock.adobe.com
Visa has announced the Visa Stablecoin Platform (VSP), an enterprise solution designed to help financial institutions, fintechs, and crypto natives access stablecoins through a Visa-managed environment.
The launch builds on Visa’s broader crypto strategy, intended to give payment providers a pathway to access, store, and redeem stablecoins, including through a wallet-as-a-service offering.
VSP will support Open USD (OUSD) — an upcoming partner-governed US dollar-pegged stablecoin created by Open Standard — with connectivity for minting and burning the digital currency.
Open Standard is a consortium of 140 financial, fintech, payment, and technology companies that joined forces to launch an open-infrastructure stablecoin network.
VSP will provide additional onchain wallet infrastructure, controls, and workflows necessary to make stablecoins viable inside real-world treasury, settlement, and product stacks.
The platform will also allow integration into Visa’s network, designed to enable the connectivity of stablecoins and embed capabilities into existing payment flows, with institutional access to dual-control approval for workflows, audit logging, passkeys, and allowlists to control transfers.
Commenting on the offering, Jack Forestell, chief product and strategy officer at Visa, says: “Stablecoins are opening up a new layer of programmable money, but for most institutions the hard part isn’t the concept; it’s the operational reality.
“With the Visa Stablecoin Platform, we’re giving our clients a single place to mint, move, and manage stablecoin operations with the controls, security, and network reach they already expect from Visa.”
VSP is initially available to select clients for beta testing, with Visa utilising the findings to “inform how and where the platform scales to broader market availability”.
The launch builds on Visa’s broader crypto strategy, intended to give payment providers a pathway to access, store, and redeem stablecoins, including through a wallet-as-a-service offering.
VSP will support Open USD (OUSD) — an upcoming partner-governed US dollar-pegged stablecoin created by Open Standard — with connectivity for minting and burning the digital currency.
Open Standard is a consortium of 140 financial, fintech, payment, and technology companies that joined forces to launch an open-infrastructure stablecoin network.
VSP will provide additional onchain wallet infrastructure, controls, and workflows necessary to make stablecoins viable inside real-world treasury, settlement, and product stacks.
The platform will also allow integration into Visa’s network, designed to enable the connectivity of stablecoins and embed capabilities into existing payment flows, with institutional access to dual-control approval for workflows, audit logging, passkeys, and allowlists to control transfers.
Commenting on the offering, Jack Forestell, chief product and strategy officer at Visa, says: “Stablecoins are opening up a new layer of programmable money, but for most institutions the hard part isn’t the concept; it’s the operational reality.
“With the Visa Stablecoin Platform, we’re giving our clients a single place to mint, move, and manage stablecoin operations with the controls, security, and network reach they already expect from Visa.”
VSP is initially available to select clients for beta testing, with Visa utilising the findings to “inform how and where the platform scales to broader market availability”.
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