visa

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.

Visa and the on-chain data analysis platform Artemis previously jointly released the report "Agentic Payments from the Ground Up," which quantifies the trends of AI agent payments based on real-time on-chain data. The report points out that intelligent commerce should be divided into macro transactions (AI agents completing bookings, subscriptions, etc., adapting to existing card systems) and micro payments (high-frequency small payments between machines, with individual transactions far below $1, which traditional payment structures struggle to support).The report focuses on two "machine-native payment" protocols: x402 (developed by Coinbase, Cloudflare, etc., launching in May 2025) with an adjusted transaction volume of approximately $15 million and 109.6 million transactions as of April 21, 2026, with 422,000 buyers and about 5,300 sellers, primarily concentrated on Base, Solana, and Polygon, settled in USDC; MPP (developed by Stripe and Tempo, with Visa's participation, launching in mid-March 2026) had a transaction volume of approximately $25,000 and 115,000 transactions within 33 days of launch, supporting both on-chain crypto payments and fiat settlements.The report believes that the leap in AI capabilities (with the release of Claude 4.5 and GPT Codex 5.2 in mid-2025) has created a demand for programmatic payments, combined with the decreasing costs of blockchain settlements, making micro payments in the range of 1 cent to 1 dollar economically viable for the first time. Currently, the boundaries between crypto-native protocols and card payment camps are gradually blurring, but agent payments still face trust challenges such as erroneous purchases, adversarial attacks, and liability attribution.

Connor Fitzgerald, the head of partnerships at payment company Stripe, tweeted that he has stepped down this week.During his tenure, Connor Fitzgerald facilitated partnerships between Stripe and companies like Visa, supporting wallet/fintech companies in issuing Visa cards backed by stablecoins.

According to a post by Frank Chaparro, GSR's Director of Strategic Communications, Visa is hiring for a "Sr Director, Stablecoin Labs" position in New York, with a maximum annual salary of $400,900, plus bonuses and equity incentives.The job listing indicates that this position will be responsible for Visa's Web3 and stablecoin product roadmap, exploring new commercialization application scenarios, and participating in the planning of the company's next-generation stablecoin payment products. Frank Chaparro believes this further indicates that stablecoins are becoming a core priority in the global payments sector.

According to Fortune, global payment giant Visa is accelerating its layout of stablecoin infrastructure by launching the Visa Stablecoin Platform, which helps banks and fintech companies integrate stablecoin payment capabilities into existing payment and fund management systems.It is reported that the platform aims to provide stablecoin service support for approximately 15,000 financial institutions and over 200 million merchants globally, allowing businesses to use USD stablecoins for settlement, fund circulation, and financial management within traditional payment networks.Visa currently processes about $150 trillion in payment transactions annually and has handled stablecoin settlement business worth billions of dollars. The company hopes to further expand the application of stablecoins through the new platform. The Visa Stablecoin Platform will initially support the new stablecoin OUSD launched by the Open Standard Alliance, while continuing to be compatible with existing stablecoins supported by Visa, including USDC issued by Circle and USDG issued by Paxos.Visa believes that stablecoins are becoming an important component of future financial infrastructure, with advantages including: instant settlement, transactions that do not rely on traditional bank clearing cycles; low-cost transfers, reducing payment costs based on blockchain networks; and transparency and traceability, with on-chain transaction records providing higher verifiability. Visa has been continuously laying out its strategy in the stablecoin field. In 2020, Visa became the first global payment network to support USDC settlements; in 2025, the company launched a stablecoin settlement program to further promote stablecoins into the mainstream payment system.Meanwhile, Visa's competitors are also accelerating their entry into the stablecoin market. Mastercard recently launched a stablecoin settlement solution and collaborated with companies such as MoonPay and Paxos; American Express is also participating in the ecosystem development related to Open Standard. As traditional payment giants increasingly adopt stablecoins, stablecoins are gradually transforming from payment tools in the crypto industry to an important component of global financial infrastructure.

The Linux Foundation, in collaboration with Visa, Mastercard, and 40 other institutions, has launched the x402 payment standard. In the past 30 days, approximately 75 million stablecoin transactions have been processed, totaling 24 million USD.

According to The Block, the Linux Foundation has officially established the x402 Foundation, governed by a structure of 40 member companies, with Coinbase having completed its contribution to the protocol. Founding members include Ripple, Visa, Mastercard, American Express, Stripe, Adyen, Fiserv, Shopify, Google, AWS, Cloudflare, as well as Circle, MoonPay, the Solana Foundation, and the Stellar Foundation.The protocol allows servers to respond to requests with a 402 response and pricing, while clients sign stablecoin transfers (usually USDC) and resend requests for data, without the need for accounts, credit cards, or prior relationships between the parties, making it inherently adaptable for AI agent applications. Previously in April, it was reported that the neutral internet payment protocol x402, incubated by Coinbase, would migrate under the Linux Foundation and operate in the form of an independent foundation called the "x402 Foundation."

Gate US officially launched the Gate Card, collaborating with Visa, Stripe, and its stablecoin infrastructure company Bridge to create a new generation of digital payment products for U.S. users. The card is issued by Lead Bank (a member bank of the Federal Deposit Insurance Corporation, FDIC) under a Visa license, supporting eligible stablecoins (such as USDC) as a source of funds for consumption, and enabling payments through the Visa global merchant network.The Gate Card offers both virtual and physical card options, supporting Apple Pay, Google Wallet, NFC contactless payments, and ATM withdrawals. Stablecoin exchange and fund settlement are supported by Bridge's infrastructure, and eligible purchases can earn points, which can be redeemed for USDT within the Gate US App.Gate US stated that the launch of the Gate Card further promotes the application of stablecoins in real-world consumption scenarios. In the future, the company will continue to collaborate with partners such as Visa and Stripe to expand the application scenarios of digital assets in global payment and financial services.

According to Coindesk, Visa's on-chain dashboard shows that in the first half of the year, Circle's USDC accounted for about 70% of the adjusted stablecoin trading volume, further expanding its lead over Tether's USDT (which accounted for about 25%).In June alone, the adjusted stablecoin trading volume set a record of $1.79 trillion, a 63% increase from May and a 125% increase from June 2025, bringing the trading volume for the first half of the year to $8.82 trillion.

According to Bloomberg, dozens of financial institutions, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, plan to jointly launch a new stablecoin called OUSD, which will adopt a business model of shared revenue among partners.

Visa announced its second quarter results for fiscal year 2026, with net revenue of $11.2 billion, a year-on-year increase of 17%; GAAP net profit of $6 billion, a year-on-year increase of 32%; and earnings per share of $3.14, a year-on-year increase of 36%, all exceeding market expectations.The board authorized a new round of $20 billion multi-year stock repurchase program in April. In terms of stablecoin business, Visa's settlement pilot has reached an annualized scale of $7 billion, a 50% increase from the previous quarter, covering nine blockchain networks (including Polygon and Base), and operating over 130 stablecoin-linked card programs in more than 50 countries.In March of this year, Visa partnered with Bridge, a stablecoin infrastructure company under Stripe, to promote stablecoin-linked cards in over 100 countries. According to reports in early June this year, Visa, Mastercard, and Stripe are exploring the co-construction of a stablecoin platform. If the three major payment networks collaborate on stablecoin infrastructure, it could establish a de facto standard for the circulation of digital dollars in global commerce.

According to the official announcement, Bitget stock derivatives have now launched 11 underlying assets including BUD (Anheuser-Busch InBev), NKE (Nike), KO (Coca-Cola), ABNB (Airbnb), MAR (Marriott International), V (Visa), covering multiple sectors related to major sporting events such as sports entertainment, travel, and consumer brands.

Tether has partnered with Fasset to launch the world's first gold-backed Visa debit card, allowing users to spend fiat currency at Visa merchants globally while earning up to 6% cash back in gold tokens XAUT on eligible transactions.The card supports real-time conversion of XAUT to USDT and then to fiat currency, and it also features an automatic rounding function that automatically invests transaction spare change into gold tokens XAUT, enabling passive gold accumulation in daily spending.Tether has committed to investing up to $1 million in XAUT for rewards in the ecosystem, promoting the adoption of tokenized gold in emerging markets. Currently, the total market capitalization of tokenized gold exceeds $5.3 billion, with XAUT accounting for over $2.6 billion.

According to CoinDesk, global payment networks Stripe, Visa, and Mastercard are preparing to launch a new stablecoin platform. Sources reveal that cryptocurrency exchange Binance is also exploring the possibility of participating in this stablecoin platform.Currently, Coinbase, Stripe, and Visa have all declined to comment, and Mastercard did not respond to comment requests before publication. In addition, the revenue-sharing agreement between Coinbase and Circle Internet is set to renew in August this year, with the current market capitalization of USDC reaching 76 billion dollars.