Woofun AI reports that Visa has formalized its entry into the digital asset space by joining the OpenStandard consortium to issue the OpenUSD stablecoin, a strategic move announced alongside robust fiscal third-quarter financial results. This initiative is part of a broader investment across multiple layers of the stablecoin ecosystem, signaling a shift toward integrating artificial intelligence (AI) and blockchain infrastructure into its core payment operations.

The company’s fiscal third-quarter revenue reached $11.6 billion, marking a 14% increase from the previous year. This growth was propelled by double-digit expansions in key metrics: cross-border volume rose 13% year over year, or 12% when excluding intra-Europe flows, while processed transactions grew by 10%. These figures underscore the underlying strength of Visa’s traditional payment network even as it explores new technological frontiers.

Structurally, the Visa stablecoin platform is engineered to allow partners to settle with Visa in stablecoins and access onchain wallet-as-a-service infrastructure. It facilitates the movement of funds between fiat currencies and stablecoins, initially focusing on OpenUSD.

Woofun AI data shows the platform will integrate with Pismo to support tokenized deposits for financial institutions, with future plans to incorporate third-party tokenized deposit infrastructure providers.

Visa views stablecoins and AI as complementary technologies that will drive future expansion. By leveraging these tools, the company aims to enhance global money movement and deepen its ecosystem partnerships. This marks a significant pivot toward digital assets as a long-term growth area for the payment giant.