Summary
Startup Fortune reports that Visa is expanding stablecoin capabilities from merely supporting payments to operating part of the infrastructure itself, covering blockchain settlement to wallet-as-a-service for partners, starting with OpenUSD from the OpenStandard Alliance. The report cites a stablec…
Key points
- This shows how card networks plug stablecoins into existing merchant acquiring flows, so neither merchants nor consumers have to handle crypto assets directly.
- Card networks building their own settlement and wallet layers will change the division of labor and profit structure in the stablecoin card market.
- Payment providers and merchants can assess the deployment costs of such programs; consumers will watch whether exchange rates and fees actually improve.
Editorial note
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