Visa reveals comprehensive stablecoin roadmap in fiscal Q3 results presentation
During its fiscal third-quarter earnings presentation, Visa detailed strategic investments spanning blockchain infrastructure, digital wallets, tokenized deposits, and the OpenUSD initiative, as international transaction volume climbed 13%.
The payment processing giant Visa disclosed fiscal third-quarter revenues reaching $11.6 billion, representing a 14% increase compared to the same period one year prior, propelled by double-digit expansion across payments volume, cross-border transaction volume, and total processed transactions.
Throughout the earnings presentation, Visa detailed its comprehensive approach to stablecoins, revealing the company has been making strategic investments across numerous tiers within the stablecoin infrastructure. According to the company:
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 financial services corporation further disclosed its participation in the OpenStandard consortium, an organization preparing to launch the OpenUSD stablecoin intended for worldwide money transfers. According to Visa, the Visa stablecoin platform has been engineered to allow partner organizations to complete settlements with Visa using stablecoins, deliver onchain wallet-as-a-service infrastructure capabilities, and facilitate transfers between traditional fiat currencies and stablecoins, starting with OpenUSD.
Additionally, the platform is set to incorporate integration with Pismo to facilitate tokenized deposits for banking institutions, with future intentions to incorporate third-party tokenized deposit infrastructure providers into the ecosystem.
Visa also highlighted artificial intelligence as an additional long-term expansion opportunity, characterizing stablecoins and AI as technologies that complement one another.
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 volume experienced a 13% year-on-year increase, or 12% when excluding intra-Europe transactions, while the total number of processed transactions climbed 10%, based on the company's quarterly earnings release.