Visa says it is investing across stablecoin ecosystem, sees deposit tokens as growth driver

Visa said during its third-quarter earnings report that it is investing across the stablecoin ecosystem, including blockchain, issuance, wallets, infrastructure and applications. According to Cointelegraph, Visa said it joined the Open Standard Consortium to support issuance of the OpenUSD stablecoin and is building a platform that will allow partners to make payments and settlements with stablecoins. Visa added deposit tokens and AI-driven commerce will be future growth drivers.