India, July 16 -- Visa Inc. (V) has introduced the Visa Stablecoin Platform (VSP), a new enterprise solution designed to help financial institutions, fintech companies and crypto firms access and manage stablecoin services through a single Visa-managed platform.
The platform initially supports Open USD (OUSD), a stablecoin recently launched by Open Standard, and enables users to mint, redeem, hold and transfer the digital asset. It also includes a new Wallet-as-a-Service offering, providing on-chain wallet infrastructure and connectivity for stablecoin issuance and redemption.
Jack Forestell, Visa's Chief Product and Strategy Officer, said stablecoins are creating a new form of programmable money, but many institutions face operational ch...