Visa Launches Stablecoin Platform to Provide Stablecoin Services to Over 2 Billion Merchants
BlockBeats News, July 16th. According to
Visa settles about $150 trillion in payments annually and has already processed stablecoin settlements in the billions of dollars. This platform will integrate Visa's existing stablecoin services, reduce the complexity of clients dealing with blockchain technology, and allow them to focus on the payment experience. Merchants using stablecoins can achieve real-time settlements and lower transaction costs.
The platform will use the stablecoin OUSD, launched by Open Standard two weeks ago, as the strategic starting point for infrastructure, while complementing Visa's support for USDC and USDG. Visa is a partner of Open Standard, and American Express and Mastercard are also involved in OUSD-related partnerships.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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