# Visa Opens a Stablecoin Platform for Banks, Starting With the Open USD Standard

The system lets institutions issue, hold, and redeem digital dollars through Visa's network, and Circle shares fell about 5 percent as a rival distribution model appeared.

- Published: 2026-07-17T05:28:14.121Z
- Canonical: https://polylog.news/crypto/2026-07-17/visa-opens-a-stablecoin-platform-for-banks-starting-with-the
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/business/2026/07/16/visa-backs-open-usd-with-new-stablecoin-platform-as-circle-faces-fresh-competition), [Fortune](https://fortune.com/2026/07/16/exclusive-visa-new-platform-stablecoin-services-200-million-merchants/)

Visa unveiled the Visa Stablecoin Platform, a system that lets banks and financial-technology firms issue, store, transfer, and redeem stablecoins through infrastructure Visa manages, CoinDesk reported. The platform launches with support fo…

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