Visa Expands Stablecoin Operations with New Platform and Senior Hire

Visa has launched the Visa Stablecoin Platform (VSP), a managed service that lets financial institutions, fintech firms and crypto companies mint, transfer, redeem and store stablecoins. The beta rollout starts with the Open USD (OUSD) token and integrates Visa’s payment, treasury and settlement infrastructure, including a Wallet‑as‑a‑Service offering.

In parallel, Visa posted a senior‑level opening for a Director of its Stablecoin Labs team, with a compensation package that can reach $400,000. The role underscores Visa’s commitment to building out its stablecoin capabilities and supports the broader rollout of the VSP.