Visa launches stablecoin platform enabling banks to issue digital dollars

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Visa has introduced a new stablecoin platform that allows banks and fintech companies to issue, manage, and settle digital dollars through its payments network. The platform supports Open USD, positioning Visa as a key infrastructure provider in the stablecoin space. The move introduces fresh competition for Circle, a major player in the stablecoin market. By leveraging its existing payments network, Visa aims to bring stablecoin capabilities to a broader range of financial institutions.

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