Payment Giant Visa Reveals Comprehensive Stablecoin Approach in Third Quarter Results
During its fiscal third-quarter earnings presentation, Visa detailed strategic investments spanning blockchain infrastructure, digital wallet solutions, tokenized deposits, and OpenUSD participation as the company reported a 13% increase in cross-border transaction volume.
The payment processing giant disclosed fiscal third-quarter earnings showing revenue reaching $11.6 billion, representing a 14% year-over-year increase, with the growth attributed to double-digit expansion across payments volume, cross-border transactions and processed payment activities.
Throughout the earnings presentation, company executives detailed Visa's comprehensive approach to stablecoins, emphasizing that the organization has been deploying capital across various tiers of the stablecoin infrastructure. According to the company's statement:
We are active in investing in each layer of the stablecoin stack, from blockchain, to issuance, wallets, infrastructure and orchestration, and applications. This quarter, we've made progress in both the issuance and application layers.
The company further disclosed its participation in the OpenStandard consortium, an organization developing the OpenUSD stablecoin intended for international monetary transfers. Visa explained that its stablecoin infrastructure platform has been engineered to allow business partners to conduct settlements with Visa using stablecoins, deliver onchain wallet-as-a-service capabilities, and facilitate transfers between traditional fiat currencies and stablecoins, starting with OpenUSD integration.
Additionally, the platform is set to incorporate Pismo integration to facilitate tokenized deposit solutions for banking institutions, with the company indicating intentions to incorporate additional third-party tokenized deposit infrastructure service providers down the road.
Visa executives also highlighted artificial intelligence technology as an additional avenue for sustained growth over the long term, characterizing stablecoins and AI as synergistic innovations.
If stablecoins are reshaping the backend of commerce, we see AI is transforming the frontend. We believe agentic commerce will expand our addressable market and drive future growth for Visa.
International cross-border transaction volume demonstrated a 13% year-over-year expansion, or 12% when excluding intra-European transactions, while total processed transactions climbed 10%, based on figures disclosed in the company's quarterly earnings documentation.