Visa Stablecoin Platform simplified stablecoin payments | Visa

Simplify how your business uses stablecoins

Visa Stablecoin Platform (VSP) brings wallets, Open USD access, on/off-ramps and approval controls into one operating environment for crypto-native companies, fintechs, financial institutions and other businesses moving money with stablecoins.

The platform that puts stablecoins to work

Access a comprehensive stack of stablecoin solutions on one platform, with bank-grade controls and no separate vendors to stitch together.

Wallet-as-a-Service (WaaS)

Onchain wallet infrastructure across Ethereum, Solana and Tempo. Visa provides the secure key-management technology, and you remain your own custodian. Offered alongside Open USD access.

LIMITED AVAILABILITY

Open USD Access

Mint, burn, manage and access Open USD (OUSD) with VSP.

Learn more

COMING SOON

Stablecoin payments and payouts

Move money with stablecoin payouts and prefunding through Visa Direct.

Sources/Footnotes/Disclaimer

VSP is launching with limited availability. Open USD access is in beta, with volume and geographic limits, and Wallet-as-a-Service is currently offered alongside Open USD access. Talk to your Visa representative about eligibility.

Turn stablecoins into real products and payment flows

VSP consolidates the capabilities institutional clients need to manage stablecoin activity as part of treasury, settlement, liquidity, or program operations — without stitching together separate wallet, ramp, and approvals vendors.

On-ramps and off-ramps

Convert fiat to stablecoin through dedicated on-ramp accounts, and back to fiat through dedicated off-ramp addresses linked to a registered bank account.

User management

Provision team members, assign roles, and govern who can initiate transfers, manage wallets, or change account settings across your organization.

Approval controls

Maker / checker dual approval, allowlists for destination wallets, and passkey-secured signing on every sensitive operation.

Institutional-grade compliance

Policy configuration, sanctions and compliance screening, and granular permissions built into the platform.

Consistency and visibility for transactions

Whether you’re managing treasury, settling a program or onboarding customers, VSP offers your team consistent visibility and controls across your stablecoin activity. Controls apply based on how you implement VSP, with the full set available through Wallet-as-a-Service.

Conversion

Dollar to stablecoin

Convert between fiat and stablecoin

Route wire or ACH deposits to a specific wallet through a dedicated virtual account, and convert back to fiat through linked off-ramp addresses.

Treasury wallet

Settlement wallet

Manage wallets and move funds

Move stablecoin between wallets across supported networks, with allowlists to control where funds can go (with WaaS).

Settlement complete

Settle programs onchain

Use Open USD and a Visa Wallet-as-a-Service wallet to settle your own programs onchain. Available with Wallet-as-a-Service.

Transfer approved

Secure operations with built-in approvals and protections

Enforce dual approval for sensitive actions such as transfers, account changes, and credential management, and support secure signing of transactions and allowlist updates using device-bound passkeys.

Balance tracker

Monitor activity with real-time visibility

Track balances, active wallets, and on-ramp and off-ramp volumes over time through a centralized dashboard designed to provide ongoing insight into activity and performance.

Built for companies that move money with stablecoins

From crypto-native platforms to banks, VSP fits how your business already operates.

Crypto-native companies

Exchanges, on/off-ramp providers and payment platforms accessing Open USD and stablecoin rails through a single provider.

Fintechs

Embed on-ramps, off-ramps and wallet operations into your customer products.

Financial institutions

Run stablecoin treasury and settlement under existing licensing, with the controls your regulators expect.

Payment companies

Run treasury and settlement programs under existing licensing, while meeting regulatory requirements.

Choose the wallet setup that fits how you operate

VSP supports two paths to production: a fully Visa-managed wallet stack, or an integration with the wallet provider you already use. On-ramps, off-ramps, approvals and the dashboard work the same either way.

Option 1 Wallet-as-a-Service (WaaS)

Get onchain wallets from Visa under your own licensing. Visa provides the secure key-management technology, and you remain your own custodian. Mint, burn, manage and transfer Open USD through VSP, with the full set of controls.

Visa provides the key-management technology, you hold your keys
Full mint, burn, manage and transfer
Allowlists, dual approval and passkey signing

Option 2 Bring Your Own Wallet (BYOW)

Already have a wallet provider? Connect it to VSP to set up on-ramps and off-ramps. Ongoing mint, burn and transfer activity runs through your own wallet provider.

Keep your existing custody and wallet provider
Use VSP to set up on-ramps and off-ramps
Mint, burn and transfers run through your provider

Resources

User guides

Step-by-step procedures for onboarding, wallet configuration, on/off-ramps, transfers, approvals and passkey management. Available now from your Visa representative.

Implementation checklist

Covers Visa Access ID, BID setup, approver configuration and onboarding milestones. Provided by your Visa representative.

Currently supported networks

Ethereum
Solana
Tempo

Ready to put stablecoins to work?

Tell us about your use case and a Visa representative will help you scope onboarding and eligibility.

Learn more about Visa Stablecoin Platform

What’s the difference between Wallet-as-a-Service and Bring Your Own Wallet?

With Wallet-as-a-Service, Visa provides the secure key-management technology and you remain your own custodian, with mint, burn, manage, transfer, and controls through VSP. With Bring Your Own Wallet, you keep your existing provider and use VSP to set up on-ramps and off-ramps; ongoing mint, burn and transfers run through your own provider.

Which blockchain networks does VSP support?

Ethereum, Solana, and Tempo today. Core controls (allowlists, maker/checker approvals, passkey signing) apply across them, with WaaS.

How do on-ramps and off-ramps work?

You get a dedicated virtual account, send funds by ACH or wire to on-ramp to Open USD, and off-ramp back to a linked bank account by ACH or wire.

What approval controls does VSP have?

With WaaS, VSP requires maker/checker dual approval on sensitive operations, signs with device-bound passkeys instead of shared credentials, and lets you allowlist destination wallets.

How does VSP relate to Open USD?

VSP is the access point for Open USD. Eligible clients can mint, burn and manage Open USD through VSP. Learn more about Open USD on the Open Standard site.

When is the API available?

The front-end portal and documentation are available now. API access is coming soon, so you can review the portal and specs and plan your integration ahead of time.

How do I get access?

A valid Visa Access ID and a Business Identification (BID) number issued by Visa are required. Your Visa Account Executive can help with this process. To get started, contact your Visa Account Representative.