Visa outlines stablecoin strategy during Q3 earnings call

cointelegraphPublished on 2026-07-28Last updated on 2026-07-28

Abstract

Visa's fiscal third-quarter revenue grew 14% year-over-year to $11.6 billion, supported by strong growth in payments volume, cross-border transactions, and processed transactions. During its earnings call, the company detailed its expanding stablecoin strategy, emphasizing investments across the entire stablecoin ecosystem, including blockchain infrastructure, issuance, wallets, and applications. Visa highlighted progress in issuance and application layers, and announced its participation in the OpenStandard consortium, which plans to issue the OpenUSD stablecoin for global money movement. The Visa stablecoin platform is designed to allow partners to settle with Visa using stablecoins, provide onchain wallet services, and facilitate conversions between fiat currency and stablecoins, starting with OpenUSD. The platform will also integrate with Pismo to support financial institutions' tokenized deposits, with plans to add more infrastructure providers. Visa further described stablecoins and artificial intelligence as complementary long-term growth technologies, suggesting that while stablecoins reshape the backend of commerce, AI is transforming the frontend.

Visa reported fiscal third-quarter revenue of $11.6 billion, up 14% from a year earlier, driven by double-digit growth in payments volume, cross-border volume and processed transactions.

During the company’s earnings call, Visa outlined its broader stablecoin strategy, saying it has been investing across multiple layers of the stablecoin ecosystem. The company said:

We are active in investing in each layer of the stablecoin stack, from blockchain, to issuance, wallets, infrastructure and orchestration, and applications. This quarter, we’ve made progress in both the issuance and application layers.

Visa added that it had joined the OpenStandard consortium, which plans to issue the OpenUSD stablecoin for global money movement. The company said the Visa stablecoin platform is designed to enable partners to settle with Visa in stablecoins, provide onchain wallet-as-a-service infrastructure and move money between fiat currencies and stablecoins, beginning with OpenUSD.

The platform will also integrate with Pismo to support tokenized deposits for financial institutions, with plans to add third-party tokenized deposit infrastructure providers in the future.

The company also pointed to artificial intelligence as another long-term growth area, describing stablecoins and AI as complementary technologies.

If stablecoins are reshaping the backend of commerce, we see AI is transforming the frontend. We believe agentic commerce will expand our addressable market and drive future growth for Visa.

Cross-border volume increased 13% year over year, or 12% excluding intra-Europe, while processed transactions rose 10%, according to the company’s earnings release.

Magazine: The real reason DeFi projects that survived 2022 crash are shutting down now

Storage Giants Are Raking It In, Downstream Players Are Struggling to Cope

Global memory storage giants have reported record-breaking earnings, with downstream clients now struggling to bear the soaring costs. SK Hynix's Q2 operating profit surged 557%, while Samsung's DS division hit a historic high. Chinese firms like GigaDevice and Jiangbolong also saw profits skyrocket. However, this profit surge for memory makers translates directly into higher costs for their customers. The boom is largely driven by AI server demand, which consumes high-bandwidth memory (HBM) at the expense of traditional DRAM supply. While cloud providers may accept higher prices, the strain is breaking downstream sectors. In smartphones, memory now comprises over 20% of device costs, even surpassing the main chip in flagship models. This has led manufacturers like OPPO and vivo to reportedly reject further price hikes from suppliers like Samsung. The PC and consumer electronics segments are also weakening, with spot market prices already falling sharply. The industry faces a turning point. Long-term supply agreements are locking in high prices but also capping further increases. As downstream clients from phones to servers push back against unsustainable costs, the memory super-cycle may be approaching a sudden end, driven not by supply shifts but by collapsing demand.

marsbit2m ago

Storage Giants Are Raking It In, Downstream Players Are Struggling to Cope

marsbit2m ago

BIT Research: Two Major Bearish Factors Continue to Weigh on the Market, Why is Bitcoin Still Near the Cycle Bottom?

Market remains under pressure from a hawkish Federal Reserve and fading regulatory optimism, yet Bitcoin demonstrates resilience near cycle lows. Despite Chairman Kevin Walsh's firm stance keeping Treasury yields elevated and the probability of the CLARITY Act passing in 2026 dropping to 32%, Bitcoin has held within a $62,000-$66,000 range, declining only ~3% over the past week amid these headwinds. Overall market conditions are weak: trading volume is down ~80% from its peak, total market cap has fallen ~50%, and stablecoin supply shows no growth, indicating a lack of fresh dollar liquidity. However, Bitcoin's relative strength versus altcoins suggests significant repositioning may be complete, reducing the likelihood of a sharp further decline. The focus is shifting to whether the cycle bottom is forming. A sustained move above $70,000 could signal the low is in.

marsbit7m ago

BIT Research: Two Major Bearish Factors Continue to Weigh on the Market, Why is Bitcoin Still Near the Cycle Bottom?

marsbit7m ago

BIS Project Agorá settles $1 million in tokenized cross-border payment trials

The Bank for International Settlements (BIS) has announced the completion of initial real-value trials for Project Agorá, a tokenized cross-border payment system. The trials involved 28 central and commercial banks settling approximately $1 million (800,000 Swiss francs) across 17 different transaction scenarios. The system successfully used tokenized central bank reserves and commercial bank deposits to process payments in six major currencies, with average settlement times of around 80 seconds. Participants included major central banks such as the Bank of England and Bank of Japan, alongside global commercial institutions like JPMorgan Chase and Citi. Launched in 2024, Project Agorá aims to explore how tokenization can improve wholesale cross-border payments, with this phase marking a key milestone. The BIS confirmed testing will continue as the project develops.

cointelegraph18m ago

BIS Project Agorá settles $1 million in tokenized cross-border payment trials

cointelegraph18m ago

Critical Day in the Cryptocurrency Market: Sharp 10.5 Billion Dollar Surge in Bitcoin and Ethereum Option Prices! What Do Investors Expect?

Critical Day in Crypto Market: A massive $10.5 billion in Bitcoin and Ethereum options are expiring, shifting investor focus amidst Bitcoin's struggle near $64,000. Data from Deribit shows approximately $9.69B in Bitcoin options and $830M in Ethereum options set to expire. The put/call ratios are 0.28 for BTC and 0.63 for ETH, indicating overall bullish sentiment, though investors appear more cautious on Ethereum. Analysts note that while these expiries are significant, macroeconomic events and broader market sentiment remain key pricing drivers.

cryptonews.ru32m ago

Critical Day in the Cryptocurrency Market: Sharp 10.5 Billion Dollar Surge in Bitcoin and Ethereum Option Prices! What Do Investors Expect?

cryptonews.ru32m ago

Analyzing the Impact of AI on Economic Growth and Productivity

**Title: Analyzing AI's Impact on Economic Growth and Productivity** This article examines three contrasting views on AI's influence on economic growth and productivity. **The Optimistic View** posits that AI, especially through automating R&D ("recursive self-improvement"), could dramatically accelerate growth, even triggering a technological "singularity" with explosive, potentially infinite, economic expansion. **The Moderate/Mainstream View** acknowledges AI's productivity benefits but emphasizes significant real-world constraints that could limit its impact. These include: limited cost savings per task, structural ceilings on which jobs and industries are "exposed" to AI, adoption bottlenecks (e.g., compute, energy, regulatory hurdles), and the "weak link" effect where non-automatable tasks cap overall gains. Consequently, the realized AI dividend may be far lower than optimistic projections, with estimates typically ranging from 0.1% to 1.3% annual productivity growth. **The Pessimistic View** stems from two strands. The first aligns with the moderate view but applies extremely conservative assumptions about task exposure and efficiency gains, yielding minimal projected impact. The second introduces a demand-side critique: if AI primarily replaces rather than augments labor, it could depress labor's share of income, weaken consumer demand, and create a "demand trap" that ultimately stifles growth, unless offset by redistribution policies. **The authors' assessment** is nuanced: * **Short-term (1-2 years):** AI will support growth primarily through investment spending, not significant productivity gains. * **Medium-term (3-5 years):** Three potential paths emerge based on AI demand and bottleneck severity: 1. **"Optimistic Path":** High demand, few bottlenecks. Rapid productivity gains but risk of major job displacement and social conflict without redistribution. 2. **"Moderate Path" (most likely):** High demand but significant, surmountable bottlenecks. Leads to moderate productivity gains, financial market volatility (K-shaped returns), and sectoral job losses. 3. **"Pessimistic Path":** Low demand or severe bottlenecks. Minimal productivity and growth impact, triggering financial market corrections but allowing a smoother societal transition with less labor disruption. * **Long-term:** AI holds potential for a major productivity revolution and prosperity. The conclusion stresses that no path is smooth. Technologically "optimistic" outcomes could be socially detrimental, while "pessimistic" technological diffusion might be more socially stable. Policymakers must monitor developments and prepare balanced responses to manage economic, financial, and social sustainability.

marsbit42m ago

Analyzing the Impact of AI on Economic Growth and Productivity

marsbit42m ago

Trading

Spot

Visa outlines stablecoin strategy during Q3 earnings call

Abstract

Related Questions

Related Reads