--- title: Visa launched a stablecoin platform that sent Circle... description: Visa launched the Visa Stablecoin Platform, enabling banks and payment processors to issue, manage, and settle stablecoin transactions through Visa's network.... canonical: https://daily.dev/posts/visa-launched-a-stablecoin-platform-that-sent-circle-shares-tumbling-six-percent-45pvelexh twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Visa launched a stablecoin platform that sent Circle shares tumbling six percent | daily.dev og:description: Visa launched the Visa Stablecoin Platform, enabling banks and payment processors to issue, manage, and settle stablecoin transactions through Visa's network.... og:url: https://daily.dev/posts/visa-launched-a-stablecoin-platform-that-sent-circle-shares-tumbling-six-percent-45pvelexh og:image: https://api.daily.dev/og/posts/45pvElexH.png og:image:alt: Visa launched a stablecoin platform that sent Circle shares tumbling six percent og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Visa launched a stablecoin platform that sent Circle shares tumbling six percent **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 1 upvotes · 0 comments ## Summary Visa launched the Visa Stablecoin Platform, enabling banks and payment processors to issue, manage, and settle stablecoin transactions through Visa's network. The platform natively supports Open USD, a stablecoin backed by a 140-firm consortium including Visa, Mastercard, Stripe, and BlackRock. It includes a Wallet-as-a-Service offering with custody, compliance, and security features. The announcement sent Circle shares down ~6% and Coinbase down ~4.5%, as Open USD's zero mint/redeem fee model directly undercuts Circle's economics. The move mirrors Mastercard's recent $2B acquisition of BVNK, signaling that major card networks are racing to own the stablecoin infrastructure layer rather than merely connect to it. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### What is the Visa Stablecoin Platform and what does it let banks do? It is infrastructure Visa launched that lets banks and payment processors issue, manage, and settle stablecoin transactions through Visa's network. It launches with native support for Open USD and includes a Wallet-as-a-Service offering handling custody, compliance, and transaction management, plus security features like dual-control approvals, audit logging, passkey authentication, and configurable allow lists. It is currently in beta with select clients. _Developers tracking payments infrastructure shifts can follow stablecoin platform rollouts like this on daily.dev._ ### Why did Circle's stock drop after Visa's stablecoin platform announcement? Circle shares fell roughly six percent because Open USD, the stablecoin Visa's new platform natively supports, charges zero mint and redeem fees and returns nearly all reserve income to distribution partners, directly undercutting Circle's USDC revenue model. Coinbase shares also fell about four and a half percent on the same news, while Visa's stock rose about two percent. _Anyone evaluating stablecoin issuers can watch how pricing models reshape the market via daily.dev._ ### How big is the stablecoin market and what regulatory framework governs it in the US? The stablecoin market has grown to more than $310 billion in total circulation, with Morningstar projecting it could reach nearly one and a half trillion dollars by 2035. The US GENIUS Act, signed into law in July 2025, created the first federal regulatory framework for stablecoins, giving institutions like Visa clearer rules to operate under. _Teams building on stablecoin rails can track regulatory and market shifts like these on daily.dev._ ## Similar posts on daily.dev - [Visa, Mastercard and 140 firms launch Open USD, a stablecoin built to undercut Circle](https://daily.dev/posts/visa-mastercard-and-140-firms-launch-open-usd-a-stablecoin-built-to-undercut-circle-0xhgfihyp) · The Next Web · 0 upvotes · 0 comments - [Visa moves to plug stablecoins into the global payments system](https://daily.dev/posts/visa-moves-to-plug-stablecoins-into-the-global-payments-system-foos2zxfl) · TechCentral · 0 upvotes · 0 comments - [Mastercard bets billions on the tech that could eat its lunch](https://daily.dev/posts/mastercard-bets-billions-on-the-tech-that-could-eat-its-lunch-plmpbiyxi) · TechCentral · 0 upvotes · 0 comments --- Tags: [#fintech](https://daily.dev/tags/fintech), [#stablecoin](https://daily.dev/tags/stablecoin) [View this post on daily.dev](https://daily.dev/posts/visa-launched-a-stablecoin-platform-that-sent-circle-shares-tumbling-six-percent-45pvelexh) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Visa launched a stablecoin platform that sent Circle shares tumbling six percent","url":"https://daily.dev/posts/visa-launched-a-stablecoin-platform-that-sent-circle-shares-tumbling-six-percent-45pvelexh","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/visa-launched-a-stablecoin-platform-that-sent-circle-shares-tumbling-six-percent-45pvelexh"},"datePublished":"2026-07-16T19:20:37.413Z","dateModified":"2026-09-14T07:01:01.021Z","description":"Visa launched the Visa Stablecoin Platform, enabling banks and payment processors to issue, manage, and settle stablecoin transactions through Visa's network....","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/bf39173d1e0b2529bb4fd0c46db84c2c?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/bf39173d1e0b2529bb4fd0c46db84c2c?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/visa-launched-a-stablecoin-platform-that-sent-circle-shares-tumbling-six-percent-45pvelexh","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":1},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"fintech,stablecoin","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Visa launched a stablecoin platform that sent Circle shares tumbling six percent"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/visa-launched-a-stablecoin-platform-that-sent-circle-shares-tumbling-six-percent-45pvelexh#faq","mainEntity":[{"@type":"Question","name":"What is the Visa Stablecoin Platform and what does it let banks do?","acceptedAnswer":{"@type":"Answer","text":"It is infrastructure Visa launched that lets banks and payment processors issue, manage, and settle stablecoin transactions through Visa's network. It launches with native support for Open USD and includes a Wallet-as-a-Service offering handling custody, compliance, and transaction management, plus security features like dual-control approvals, audit logging, passkey authentication, and configurable allow lists. It is currently in beta with select clients. Developers tracking payments infrastructure shifts can follow stablecoin platform rollouts like this on daily.dev."}},{"@type":"Question","name":"Why did Circle's stock drop after Visa's stablecoin platform announcement?","acceptedAnswer":{"@type":"Answer","text":"Circle shares fell roughly six percent because Open USD, the stablecoin Visa's new platform natively supports, charges zero mint and redeem fees and returns nearly all reserve income to distribution partners, directly undercutting Circle's USDC revenue model. Coinbase shares also fell about four and a half percent on the same news, while Visa's stock rose about two percent. Anyone evaluating stablecoin issuers can watch how pricing models reshape the market via daily.dev."}},{"@type":"Question","name":"How big is the stablecoin market and what regulatory framework governs it in the US?","acceptedAnswer":{"@type":"Answer","text":"The stablecoin market has grown to more than $310 billion in total circulation, with Morningstar projecting it could reach nearly one and a half trillion dollars by 2035. The US GENIUS Act, signed into law in July 2025, created the first federal regulatory framework for stablecoins, giving institutions like Visa clearer rules to operate under. Teams building on stablecoin rails can track regulatory and market shifts like these on daily.dev."}}]} ```