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Visa launches stablecoin platform, taking the opposite path to Stripe
Today Visa announced the Visa Stablecoin Platform (VSP), an enterprise environment that allows financial institutions, fintechs and crypto native firms to mint, redeem, hold and transfer stablecoins. The platform launches with support for Open USD (OUSD), the consortium stablecoin unveiled by Open Standard two weeks ago with more than 140 partners, of which Visa is one. VSP is initially available in beta with select clients. The platform includes a new wallet as a service offering, alongside controls such as dual approvals for sensitive transactions. Visa said VSP is interoperable with its existing stablecoin ... (full story)
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