Visa launched a stablecoin platform that lets banks and fintechs issue, manage and settle digital dollars through its payments network.
- Visa introduced the Visa Stablecoin Platform on Thursday, giving financial institutions tools to issue, store and transfer Open USD stablecoins.
- The platform combines wallet infrastructure, stablecoin issuance and Visa's payment network to simplify blockchain-based payments and settlement.
- Circle shares fell about 5% as competition in the stablecoin market intensified following Visa's support for Open Standard's Open USD.
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Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters :
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Russia’s largest bank Sberbank plans crypto trading infrastructure by December
North Korea arrests hackers accused of laundering stolen funds from country's bank via crypto
Robinhood Chain's real-world assets jump fivefold as tokenized stocks start trading in bigger size
U.S. regulator warns prediction markets against cutting corners in event contracts
Europe's high regulatory bar could spark new crypto industry M&A wave
Shiba Inu surges 36% as South Korean traders fuel mystery rally
Original sourceCoinDesk
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