"Stablecoins are opening up a new layer of programmable money, but for most institutions the hard part isn't the concept, it's the operational reality," Visa Chief Product and Strategy Officer Jack Forestell said in a statement. "With the Visa Stablecoin Platform, we're giving our clients a single place to mint, move, and manage stablecoin operations with the controls, security, and network reach they already expect from Visa."
The news follows several moves by Visa in the stablecoin market.
