Visa Launches Stablecoin Platform Linking 200 Million Merchants, Reaches $7B Annualized Settlement Rate

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Visa has launched a new stablecoin platform on July 17, according to Fortune, enabling banks, fintechs and payment providers to mint, move and manage stablecoins through Visa infrastructure across its network of more than 200 million merchants. The platform integrates Open USD, a dollar-backed stablecoin, and combines stablecoin capabilities with Visa's existing risk management and compliance systems. Visa said it has already moved billions of dollars in stablecoins across VisaNet, reaching an annualized stablecoin settlement run rate of approximately $7 billion as of March 2026.
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