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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 5 sources · 12 days · First seen about 1 month ago · Last updated 25 days ago

Visa stablecoin infrastructure expansion

Overview

Visa is expanding its integration of stablecoins into its global payment infrastructure. Initially, the company announced that Visa Direct would utilize Zerohash infrastructure to enable stablecoin prefunding and cross-border payouts, a move intended to “unlock stablecoin use cases at the core network level.”

Following this, Visa issued a request for proposals to find a new partner for stablecoin settlement and over-the-counter operations. This search was prompted by Mastercard’s acquisition of BVNK, a former infrastructure provider for Visa. The new partner must hold cryptocurrency exchange licenses in the United States, Canada, the United Kingdom, and Singapore to support settlement services and transactions for Open USD, a stablecoin project involving Visa, Mastercard, and Stripe.

Entities

Visa · Stripe · Mastercard · Visa Inc. · Visa Direct

Timeline

25 days ago

[BUSINESS] 5 sources
Visa seeks new stablecoin settlement partner across four markets
Visa is searching for a new stablecoin settlement and OTC partner with licenses in the US, Canada, UK, and Singapore following Mastercard's acquisition of BVNK.
about 1 month ago

[TECHNOLOGY] 6 sources
Visa Expands Stablecoin Payouts Using Zerohash Infrastructure
Visa Direct adds stablecoin prefunding and payout features via Zerohash, letting businesses fund accounts and send cross‑border payouts in stablecoins, advancing Visa's stablecoin platform.

Sources

criptoinforme.com · crypto.news · cryptonomist.ch · journalducoin.com · techbullion.com