As money movement becomes more embedded into digital platforms, trusted infrastructure matters. Through Visa Direct and the X Visa card, we're helping enable real-time funding and payouts for @XMoney users in the U.S.
BREAKING: Open USD is launching natively on Solana from day one.
A new shared stablecoin, owned and governed by its partners. No mint or redeem fees, no volume caps, and nearly all the reserve economics flow back to the businesses building it.
1/ Today, more than 140 companies, most of which compete fiercely with one another, agreed to back the same stablecoin. The vehicle is @openstandard, a new and deliberately independent company launching Open USD, or OUSD, and positioning it not as anyone’s product but as neutral infrastructure for payments, trading and the internet economy.
1/ Today, we announced Visa is joining Open Standard alongside Stripe, Coinbase, Mastercard, American Express, Blackrock, US Bank, BBVA, Standard Chartered and 100+ initial partners with the mission of issuing Open USD, a shared stablecoin designed for the global financial system.
.@MiniPay is the wallet used by 16M+ people via the @opera browser. Now they can spend their stablecoin balances anywhere @Visa is accepted. Powered by Gnosis Pay on @Celo.
Stablecoins are moving from idea to infrastructure—powering real settlement. Visa has hit a $7B annualized run rate, + 50% QoQ.
We have expanded our global stablecoin settlement program to @Arc, @Base, @CantonNetwork, @0xPolygon and @Tempo, bringing us to nine chains.
Stablecoins are multi‑chain. Settlement has to be seamless across it.
Excited to see stablecoin settlement continue to accelerate reaching a $7B run rate up 50% quarter over quarter. We are just getting started in the journey to move VisaNet onchain.
https://t.co/UbLuop7d2W
🔔 @Visa joins Canton as a Super Validator.
Banks and financial institutions can scale payments, settlement, and treasury workflows onchain within existing risk and compliance frameworks.
Full PR: https://t.co/o22YKA1dGe
Enter @Visa’s new card spec for Machine Payments Protocol (MPP)—an open standard from @tempo and @stripe—bringing card‑based payments into autonomous, machine‑to‑machine flows.
Combined with enablers like @BasisTheory and @getVGS, developers can securely tokenize and orchestrate credentials while transacting on global card rails.
Open by design. No single rail. Global reach.
"Fiat v crypto" is less interesting than "fiat x crypto".
We're expanding our work with @Visa to enable card issuance in more than 100 countries: https://t.co/TiHgVzdrep. These cards will be backed by stablecoin balances, enabling efficient and integrated global coverage.
Hey Ari! For this use case it’s an off-ramp from the balance holder or recipient in a stablecoin sandwich. And then that wallet holder can elect from that wallet interface to push funds from their wallet balance to their dda via their debit card. This is typically a domestic transaction but can be done xborder as well. If it’s usd-linked stablecoin (eg USDC) there would be a burn and fx to local fiat say in Argentina. Typically the provider for this transaction would post a spot rate preview for the fiat expected to land and any associated fees. Hope that makes sense ! DM or hit me on telegram (same handle) if you want to double click