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Visa Adopts Open USD as First Stablecoin on New VSP, Backed by 140+ Firms

COINOTAG·July 17, 2026·1 min read
Visa Adopts Open USD as First Stablecoin on New VSP, Backed by 140+ Firms

Visa launched the Visa Stablecoin Platform (VSP) on July 16, enabling banks, fintechs, and crypto firms to mint, redeem, transfer, and custody stablecoins through a single interface. Open USD became the first stablecoin adopted on the new platform, backed by over 140 firms. The initiative aims to streamline stablecoin operations for institutional participants.

Read at COINOTAG
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