SAN FRANCISCO — Visa reported fiscal third-quarter revenue of $11.6 billion, a 14 percent increase from a year earlier, and used its earnings call to lay out an expanding stablecoin strategy across multiple layers of the digital asset ecosystem.
The company outlined its focus on OpenUSD, tokenized deposits and AI-powered commerce as core components of that push. Visa sees these areas as critical for improving cross-border transactions and expanding its digital payment rails.
Growth in the third quarter was driven by double-digit increases in payments volume, processed transactions and cross-border volume. Cross-border volume alone rose 13 percent, signaling strong international demand for Visa's services.
Visa's emphasis on OpenUSD is worth understanding. OpenUSD is a stablecoin pegged to the U.S. dollar, designed for broad interoperability across blockchain networks. Its inclusion in Visa's strategy reflects a preference for a widely accessible, multi-chain stablecoin standard.
Investments in tokenized deposits reflect a move toward putting traditional banking assets on-chain. This approach allows banks to issue digital representations of customer deposits, enabling instant settlement and cutting counterparty risk. Visa is positioning itself to facilitate these flows.
The pairing of AI-powered commerce with stablecoins points to where payments are heading. AI can optimize transaction routing, fraud detection and personalized payment experiences — combining that with stablecoins could produce highly efficient digital marketplaces.
Visa also confirmed ongoing investments across blockchain technology and digital wallets, positioning the company to move with the evolving digital economy.
The stablecoin market has expanded sharply over the past two years, with total market capitalization exceeding $150 billion. The GENIUS Act, signed in 2025, established a clear federal framework for payment stablecoin issuers, giving enterprises like Visa a regulatory runway to build on.
Visa's active participation validates the utility of stablecoins for mainstream finance. It pushes blockchain infrastructure providers to meet enterprise-grade demands for scalability and security — and it drives real liquidity into the space.
Bitcoin is trading at $63,992.84 and Ethereum at $1,924.23. The Crypto Fear & Greed Index sits at 29, deep in "Fear" territory, but enterprise adoption at this scale provides structural support that short-term sentiment readings miss. Stablecoins are doing the real work here — they are the rails traditional finance is choosing to build on.
Visa's stablecoin push is also a direct response to payment innovators and central bank digital currency exploration globally. By building its own stablecoin capabilities, Visa is defending its dominant position in global payments as the underlying infrastructure shifts.
