Visa unveils stablecoin platform to speed institutional payments | News. az
Visa has launched the Visa Stablecoin Platform (VSP), an enterprise-grade infrastructure that enables banks, financial institutions, fintech firms, and crypto-native companies to mint, manage, transfer, and. . .
Visa has launched the Visa Stablecoin Platform (VSP), an enterprise-grade infrastructure that enables banks, financial institutions, fintech firms, and crypto-native companies to mint, manage, transfer, and redeem stablecoins through a single Visa-managed platform, advancing institutional adoption of blockchain-based payments. The new platform builds on Visa’s broader digital assets strategy by providing financial institutions with a unified operating environment that simplifies stablecoin issuance, treasury management and settlement while leveraging Visa’s global payments network, security capabilities and risk management infrastructure,News. Azreports, citingforeign media. RECOMMENDED STORIESChad to remove African visa restrictions in 2027Baltics warn Russia may target critical infrastructureUS strikes kill four, hit civilian infrastructure in southwest Iran, officials sayPresident Ilham Aliyev visits Guzeykhirman village in Khojavend districtInitially, the platform will support Open USD (OUSD), the recently launched stablecoin developed by Open Standard, enabling institutions to access, store, transfer and redeem the digital asset while managing the entire lifecycle of stablecoin operations within Visa’s ecosystem. Alongside Open USD support,Visaintroduced a new Wallet-as-a-Service capability that provides institutions with ready-to-deploy blockchain wallet infrastructure, allowing them to manage on-chain assets without building their own custody and wallet architecture from scratch. The platform also enables the minting and burning of Open USD directly through integrated blockchain connectivity. News. AzBy Ulviyya Salmanli