Exclusive: Visa launches new platform to provide stablecoin services to more than 200 million merchants

Stablecoins have changed how people think about moving money, and their exponential rise over the past year has pushed mainstream payment networks to figure out how to adapt. Visa, one of the world’s largest payment processors, appears to be well on its way to adapting to this new paradigm. On Thursday, the company announced a new service to help its customers do the same.

The Visa Stablecoin Platform is an internal system that lets banks and fintechs handle stablecoins, which are a form of cryptocurrency that are backed with reserves to maintain a 1-to-1 peg to the dollar, within their existing Visa payment and treasury workflows. Visa, which settles roughly $15 trillion in payments annually, already processes several billion dollars in stablecoin settlements and hopes to grow that by offering a simpler way for its network of about 15,000 financial institutions and more than 200 million merchants to use stablecoins.

“It’s less about accessing stablecoins and more about how… this interoperate[s] with their treasury settlement, their money movement workflows, [and] their existing bank setups,” Rubail Birwadker Visa’s global head of growth, told Fortune.

Read more [paywall removed for Redditors]: https://fortune.com/2026/07/16/exclusive-visa-new-platform-stablecoin-services-200-million-merchants/?utm_source=reddit/