Defi
Visa Just Launched a Stablecoin Platform — and Circle Is Already Feeling the Heat
CoinCentral·July 17, 2026·1 min read
Visa launched the Visa Stablecoin Platform (VSP) for banks and fintechs to issue stablecoins. It launches with Open USD (OUSD), backed by Visa, BlackRock, Alphabet, and Coinbase. OUSD charges no minting or redemption fees and returns most reserve income to distribution partners. Circle shares fell around 5% on the news.
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