Visa reported $11.6 billion in revenue for the third quarter of fiscal 2025, up 14% from a year earlier, with the company attributing the increase to double-digit growth in payments volume, cross-border volume and processed transactions. Cross-border volume rose 13% year over year, or 12% excluding intra-Europe transactions, while processed transactions increased 10%.
On its earnings call, Visa said it is investing across multiple layers of the stablecoin stack, including blockchain, issuance, wallets, infrastructure, orchestration and applications. The company said it made progress during the quarter at the issuance and application layers.
Visa also disclosed that it has joined the OpenStandard consortium, which plans to launch the OpenUSD stablecoin for global money movement. The company said its stablecoin platform is designed to let partners settle with Visa in stablecoins, offer onchain wallet-as-a-service infrastructure and move funds between fiat and stablecoins, starting with OpenUSD. Visa added that the platform will integrate with Pismo to support tokenized deposits for financial institutions and may later connect with third-party tokenized deposit infrastructure providers. The company also said stablecoins and AI are complementary technologies.
Visa reported revenue of $11.6 billion for the third quarter of fiscal 2025, up 14% from a year earlier. The company said the increase was driven by double-digit growth in payments volume, cross-border volume and processed transactions.
According to Visa, cross-border volume rose 13% year over year. Excluding intra-Europe transactions, the increase was 12%. Processed transactions climbed 10%.
Stablecoin plans disclosed on the earnings call
During its earnings call, Visa said it is investing across several layers of the stablecoin ecosystem, covering blockchain, issuance, wallets, infrastructure, orchestration and applications. The company said it made progress this quarter in the issuance and application layers.
OpenStandard membership and OpenUSD rollout
Visa said it has joined the OpenStandard consortium, which plans to issue the OpenUSD stablecoin for global money movement.
The company said its stablecoin platform is intended to support partner settlement with Visa in stablecoins, provide onchain wallet-as-a-service infrastructure, and enable transfers between fiat and stablecoins. The initial rollout will start with OpenUSD.
Pismo integration and tokenized deposits
Visa said the platform will also integrate with Pismo to support tokenized deposits for financial institutions. It added that third-party tokenized deposit infrastructure providers may be added in the future.
Visa also said stablecoins and AI are complementary technologies, and that agentic commerce will expand its addressable market and support future growth.
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