Visa2026-07-28 22:05:46Visa reports $11.6 billion in fiscal Q3 revenue, outlines stablecoin platform and OpenUSD planVisa 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.1890
Upbit2026-07-03 13:19:49Upbit Clarifies OUSD Position, Says It Only Showed Interest in Future OpenStandard ParticipationUpbit said it had only expressed interest in potentially joining the OpenStandard ecosystem at a later stage and should not be understood as a confirmed participant in the OUSD initiative. The clarification came as several South Korean firms also moved to distance themselves from OUSD-related involvement. The key issue is not a new business development, but the distinction between exploratory interest, possible future participation, and formal inclusion on a partner list. The episode highlights the growing sensitivity around how crypto partnerships are described in public communications.420
Upbit2026-07-03 13:19:49Upbit Clarifies OUSD Position, Says It Only Showed Future Interest in OpenStandardUpbit said it only expressed interest in potentially joining the OpenStandard ecosystem at a later stage and did not confirm formal participation in the OUSD initiative. The clarification came as several South Korean firms reportedly distanced themselves from the project. The key issue in this development is not technical implementation, but how participation and partnership status were presented publicly. For market participants, Upbit’s statement helps distinguish between preliminary interest, informal association and confirmed involvement. The episode also highlights a more cautious communication approach among Korean crypto firms when their names appear alongside ecosystem or stablecoin-related initiatives.420
