Visa on July 16 announced the Visa Stablecoin Platform, a new product that brings stablecoins into the company’s existing payment and settlement workflows across more than 200 million merchants and about 15,000 financial institutions.
Fortune, in an exclusive report, said the platform will initially support three stablecoins: OUSD from the Open Standard alliance, USDC issued by Circle, and USDG issued by Paxos. Visa has positioned OUSD as the strategic launch asset for the platform.
Stablecoins plugged into Visa’s existing rails
The main pitch is not a separate stablecoin payment experience. Instead, Visa is inserting stablecoins into the payment infrastructure it already runs. The report said Visa’s network settles $15 trillion a year. Over the past few years, the company has already accumulated billions of dollars in stablecoin settlement volume. This launch moves that capability up to the platform layer, so merchants and financial institutions do not have to build their own bridge between onchain systems and traditional financial infrastructure.
Rubail Birwadker, Visa’s global head of growth, told Fortune: “The point is not how merchants get stablecoins, but how this interoperates with their treasury and settlement workflows.”
OUSD leads the first batch, with USDC and USDG also included
Visa has identified OUSD as the platform’s strategic first asset. OUSD is a new stablecoin launched by the Open Standard alliance, which ABMedia said was previously reported by Chain News in June. The alliance has more than 100 founding institutions, and Visa itself is a member.
USDC from Circle and USDG from Paxos are also part of the initial support list.
Focus on settlement and merchant-facing integration
The platform’s technical features include real-time settlement, onchain ledger records, and an abstraction layer that hides blockchain-specific details from end users. In practice, that means merchants do not need to handle onchain wallets or signing processes directly.
Visa extends its stablecoin roadmap from settlement network to platform
The report said Visa announced support for settlement in USDC and USDG in August 2025. In December that year, it formally launched USDC stablecoin settlement in the United States and opened access for financial institutions.
The July 16 Stablecoin Platform expands those earlier settlement-network capabilities into a full platform product and opens that access to 200 million merchants. In the framing of the report, Visa is moving its stablecoin push from a back-end settlement network to a payment platform that merchants can connect to directly.