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According to BBX data, yesterday and in recent days, major global stock exchanges and cross-border payment giants disclosed the latest business developments in the tokenized stock ecosystem and stablecoin retail settlement, with the core dynamics as follows:Nasdaq Ventures plans to invest $100 million in Kraken's parent company, with stock tokens set to launch in 2027: Cryptocurrency exchange giant Kraken's parent company Payward announced an expansion of its strategic cooperation with Nasdaq. Nasdaq's strategic investment division, Nasdaq Ventures, has reached an agreement with Payward to inject $100 million into it. The two parties will jointly promote the operational system and commercial infrastructure of Nasdaq Equity Tokens (NETs), which are expected to officially hit the market in the second quarter of 2027, and deeply connect Payward's xStocks tokenized equity ecosystem through the established cooperation framework.MoneyGram launches stablecoin debit card, initially supporting USDC for Visa network spending: Global traditional cross-border remittance giant MoneyGram announced the launch of a payment card supported by stablecoins. This card allows users to make purchases directly within the global merchant network that accepts Visa, with the initial market set in Colombia, gradually expanding to other countries and regions over the following months. Users can register through the MoneyGram App and link the electronic card to their mobile wallet for online and offline spending, as well as transfer funds to themselves and redeem local fiat currency cash at global offline locations. Initially, the card will support USDC issued by Circle, with plans to further integrate MoneyGram's proprietary stablecoin MGUSD in the future.

According to The Block, global payment company MoneyGram has launched its first stablecoin Visa card in Colombia, developed with the assistance of stablecoin payment infrastructure company Rain.The card is currently available in digital form, allowing users to hold a USD stablecoin balance within the MoneyGram app and make online and offline payments through the Visa network. Users can also exchange their balance for local cash and withdraw it at MoneyGram locations.Initially, the card supports USDC, and MoneyGram plans to add its own stablecoin MGUSD in the near future. The company also plans to launch a physical card by the end of 2026 and will first expand its business to other markets in Latin America.

According to CNBC, Ant International has launched a collaboration with Visa and Mastercard to establish a "Know Your Agent" (KYA) interoperability framework, which will set universal standards for AI agent identity recognition, verification, and transaction monitoring, allowing agents verified on one network to be used across ecosystems.McKinsey estimates that by 2030, AI agents could participate in $30 trillion to $50 trillion in global consumer transactions.

According to Visa, its stablecoin annual settlement volume has exceeded 20 billion USD, a year-on-year increase of more than 15 times. In the second quarter, the Visa network has launched over 160 stablecoin-linked card projects, with related payment amounts increasing nearly 200% year-on-year, indicating that stablecoins are accelerating their entry into card payment and settlement scenarios.Visa is collaborating with Credit Coop to provide revolving credit lines denominated in stablecoins for early stablecoin-linked card programs, used for daily Visa settlement funds. Credit Coop locks accounts receivable through Spigot smart contracts, automates repayments, and combines Visa's daily settlement data for credit and risk control, having executed over 9,000 repayments on-chain, with cumulative financing exceeding 2.5 billion USD and zero defaults. Card projects such as Rain, Karta, Moto, and Xplace have all obtained settlement turnover funds through this model, establishing credit records for subsequent large institutional financing.

Visa stated in an official blog post that stablecoin-linked cards are one of the fastest-growing segments of the network. In the second fiscal quarter, over 160 stablecoin-linked card projects launched globally, with payment volumes increasing nearly 200% year-over-year, and an annualized settlement rate exceeding $20 billion, growing more than 15 times year-over-year.Visa pointed out that its collaboration with Credit Coop to launch a stablecoin-based revolving credit tool provides daily settlement funds for early stablecoin card projects, and the borrowing costs for some participating projects have decreased by more than 30%.

According to the official announcement from Gate, 207 U.S. stock assets including Visa (V), Wells Fargo (WFC), Raytheon Technologies (RTX), Target (TGT), and Pfizer (PFE) have recently completed cash dividend distributions. Gate has completed the corresponding USDT settlement based on users' holdings, and the related process is handled automatically.This dividend distribution covers U.S. stock assets with dividend payment dates from August 31, 2026, to September 4, 2026, encompassing multiple industry sectors including technology and semiconductors, financial services, energy, consumer goods, healthcare, industrial manufacturing, real estate REITs, utilities, materials manufacturing, media and entertainment, telecommunications, and strategic ETFs.

Gate, the global cryptocurrency exchange, has launched the Gate Card, a Visa prepaid card product, in collaboration with Bridge and Stripe, significantly reducing the implementation period to about 6 months, compared to the over one year estimated by traditional banking partners.The Gate Card is issued by Lead Bank and allows users to top up with stablecoins and spend on the global Visa network. The card can be added to Apple Pay and Google Wallet. Previously, Gate had launched card products in overseas markets, but faced complexities related to compliance and multi-party coordination in the U.S. market.Gate US COO Laura Lui stated, "Bridge serves as a critical coordinating layer among different participants, allowing Gate US to focus on customers, product experience, and overall business strategy." Gate US views the Gate Card as an early step in a broader stablecoin payment strategy, with potential plans to issue its own stablecoin in the U.S. through Bridge's stablecoin platform in the future.

Upbit's parent company Dunamu has signed a strategic partnership with Visa, and the two parties will collaborate on stablecoins and AI-based financial services. At the same time, the two companies are also exploring the integration of Open Standard's OUSD into future business models.This collaboration was announced just two days after Visa reached a partnership with South Korea's Shinhan Bank, also focusing on stablecoins and AI-related fields. Dunamu, as the operator of South Korea's major digital asset trading platform Upbit, aims to promote the application of stablecoins and the layout of intelligent financial products by partnering with the global payment giant.

According to a report by the Korea Herald, South Korea's Shinhan Financial Group announced that it has signed a strategic cooperation agreement with Visa. The two parties will collaborate on digital assets and future financial services.Shinhan Financial plans to utilize Visa's stablecoin platform to verify core functions such as stablecoin issuance, transfer, and redemption, and to jointly design business models in conjunction with South Korea's local financial regulations and market environment. The two sides will also explore the application of stablecoins in financial services such as credit card bill settlements, promote AI-driven new payment models, and expand B2B and B2C payment businesses.

Visa announced its participation in the BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative led by the Monetary Authority of Singapore (MAS), aimed at expanding the settlement capabilities of financial institutions and promoting interoperability between traditional payment systems and stablecoin payment rails, allowing institutions to enjoy faster, programmable payments while retaining security and compliance assurances.As the first partner under the BLOOM framework, Nium will pilot the use of stablecoin settlements with Visa, exploring more efficient cross-border fund flows based on Visa's payment network, security, and compliance capabilities. The two parties will study the implementation of settlements seven days a week (including weekends and public holidays) using stablecoins to reduce delays and enhance efficiency. The pilot supports regulated stablecoins backed by major currencies, including US dollar and euro-denominated stablecoins.

According to Cointelegraph, ARK Invest founder Cathie Wood stated that analysts focused on Visa and Mastercard fail to understand the disruption brought by Circle, even though Circle has risen 84% since its IPO.

According to The Block, Rain CEO Farooq Malik stated that through partnerships with networks like Visa, the stablecoin payments facilitated by Rain have reached over 100,000 merchants, most of whom are unaware. Currently, transactions settled through the Visa network take about 3 days, but if merchants choose to settle directly using stablecoins, they can achieve same-day settlement.Rain completed a $250 million Series C funding round in January, with a post-money valuation of $1.95 billion, an annual transaction volume exceeding $3 billion, and has partnered with Visa and Mastercard to launch stablecoin cards and wallets, planning to explore the use of regulated stablecoins for on-chain settlements in certain business processes.

The payment app Krak under Kraken has launched its multi-asset debit card in the United States, after the card was previously launched in the United Kingdom and the European Economic Area (EEA). The card is built in collaboration with Stripe and can be used at all merchants that accept Visa.Users can earn up to 2% cashback in USD or Bitcoin and are able to hold and spend over 600 types of currencies and assets. Krak aims to provide users with a convenient payment experience between crypto assets and fiat currencies.

According to CoinDesk, Visa is seeking new stablecoin settlement and over-the-counter trading partners to replace BVNK, which was previously acquired by Mastercard. The related product request document shows that Visa hopes the partners will have cryptocurrency exchange licenses in the United States, Canada, the United Kingdom, and Singapore, and be able to support various stablecoin exchange and settlement services, including handling settlements for the Open USD stablecoin project driven by Stripe, Visa, and Mastercard.Previously, Visa launched the Visa Stablecoin platform, providing banks, fintech companies, and payment service providers with tools for accessing, storing, redeeming, and transferring stablecoins, initially supporting OUSD.

Visa announced its third-quarter financial report for fiscal year 2026, with revenue of $11.6 billion, a year-on-year increase of 14%. Payment transaction volume, cross-border transaction volume, and processed transactions all achieved double-digit growth. In the earnings call, Visa outlined its stablecoin strategy, stating that it is actively investing in various levels of the stablecoin stack, including blockchain, issuance, wallets, infrastructure, and applications. The company announced its membership in the OpenStandard alliance, which plans to issue the OpenUSD stablecoin for global capital flow.The Visa stablecoin platform will provide partners with stablecoin settlement, on-chain wallet-as-a-service infrastructure, and exchange services between fiat and stablecoins, initially supporting OpenUSD. The platform will also integrate with Pismo to provide tokenized deposit support for financial institutions and plans to introduce third-party tokenized deposit infrastructure providers in the future. Visa views stablecoins and AI as complementary technologies, believing that "agent commerce will expand the reachable market and drive future growth." Cross-border transaction volume increased by 13% year-on-year, while processed transaction volume grew by 10%.

According to a report by Bloomberg, Visa is cutting about 2,600 jobs, which accounts for approximately 7% of its total workforce.The company's CEO Ryan McInerney stated in a memo to employees that this move aims to enhance operational efficiency in response to the increasingly competitive payments industry. The layoffs are expected to primarily affect the technology and product teams.

Recently, market funds have continued to concentrate on high-growth assets, driving multiple popular targets in the Gate platform's gStocks sector to strengthen collectively. According to the latest data from Gate, the AI giant PLTRG/USDT (Palantir Technologies) leads with a 24-hour increase of 5.49%, currently priced at $131.02.At the same time, consumer and financial giants are also performing strongly. COSTG/USDT (Costco) is currently priced at $955.75, up 2.36% in 24 hours; VG/USDT (Visa) is currently priced at $363.28, up 2.30% in 24 hours; WMTG/USDT (Walmart) is currently priced at $112.42, up 2.23% in 24 hours.Gate gStocks adopts a 1:1 full native stock reserve mechanism, where each tokenized security corresponds to an equal number of native stocks as underlying asset support. It supports 24/7 trading, unified account management, and a minimum investment of 1 USDT with fractional share trading. Users can participate more flexibly in global popular stock investments, achieving a one-stop allocation of digital assets and traditional securities. As the ecosystem of tokenized securities continues to enrich, Gate gStocks will continue to expand more quality stocks and ETF targets, providing users with more diverse global asset allocation options.