Visa reported fiscal third-quarter revenue of $11.6 billion, up 14% from a year earlier, and outlined its stablecoin strategy during the company's earnings call. The revenue growth was driven by double-digit increases in payments volume, cross-border volume and processed transactions. During the call, Visa detailed investments across multiple layers of the stablecoin ecosystem, including blockchain infrastructure, issuance, wallets and applications. The company announced progress in both the issuance and application layers this quarter, joining the OpenStandard consortium to issue the OpenUSD stablecoin for global money movement. Visa positioned stablecoins and artificial intelligence as complementary technologies reshaping commerce infrastructure.
Visa Stablecoin Platform Enables Partner Settlement
Visa stated the Visa stablecoin platform is designed to enable partners to settle with Visa in stablecoins, provide onchain wallet-as-a-service infrastructure and move money between fiat currencies and stablecoins, beginning with OpenUSD. The platform will integrate with Pismo to support tokenized deposits for financial institutions. The company plans to add third-party tokenized deposit infrastructure providers in the future.
During the earnings call, Visa said: "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."
Visa Joins OpenStandard Consortium for OpenUSD Issuance
Visa joined the OpenStandard consortium, which plans to issue the OpenUSD stablecoin for global money movement. The company stated the Visa stablecoin platform will begin operations with OpenUSD as the initial stablecoin for fiat-to-crypto and crypto-to-fiat conversions.
Cross-Border Volume and Processed Transactions Increase
Cross-border volume increased 13% year over year, or 12% excluding intra-Europe, according to the company's earnings release. Processed transactions rose 10% during the same period. The company attributed the revenue growth to double-digit increases across these three metrics: payments volume, cross-border volume and processed transactions.
Visa also stated: "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."
FAQ
What did Visa report for fiscal third-quarter revenue?
Visa reported fiscal third-quarter revenue of $11.6 billion, up 14% from a year earlier, driven by double-digit growth in payments volume, cross-border volume and processed transactions.
What is the Visa stablecoin platform designed to do?
The Visa stablecoin platform is designed to enable partners to settle with Visa in stablecoins, provide onchain wallet-as-a-service infrastructure and move money between fiat currencies and stablecoins, beginning with OpenUSD. The platform will integrate with Pismo to support tokenized deposits for financial institutions.
Which consortium did Visa join for stablecoin issuance?
Visa joined the OpenStandard consortium, which plans to issue the OpenUSD stablecoin for global money movement.
