Banks Unveil Blockchain Network as Stablecoin Payments Reach $33 Trillion
What's happening
Banks and payments firms are moving to embed stablecoins into core rails: Visa has launched a Visa Stablecoin Platform that lets financial institutions, fintechs and payment providers mint, move and manage stablecoins (initially supporting Open USD). Separately, Stable, a Tether-aligned Layer 1 blockchain, launched StablePay, a zero-fee mobile app built on StableChain that lets anyone send and receive USDT instantly and for free. Coverage frames stablecoins (USDT, USDC and others) as shifting from buzzwords to real-world payment instruments backed 1:1 by fiat reserves.
Why it's trending
Momentum comes from both infrastructure players (Visa) and consumer-facing builders (Stable) rolling out production tools that remove technical and operational friction.
SignalHolding at its usual pace, confirmed across 1 independent source type.
Momentum
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If you run payments at a bank or fintech, here are three concrete steps to integrate the new Visa Stablecoin Platform and consumer apps like StablePay today:
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Original sources16
- Stable Launches StablePay to Bring Stablecoin Payments to the Mainstream
Stablecoin blockchain Stable launched StablePay to allow global users to send and receive USDT instantly and for free. The tool is built on StableChain, Stable’s settlement infrastructure, to remove technical complexities of operating in crypto. StablePay is marketed both as a direct-to-consumers product and to and payment providers. The company aims to bring the benefits of Read more... The
FinovateJul 17 - The payment war shifts to distribution as stablecoins reach mainstream statusCoinDeskJul 17
- Visa’s Stablecoin Platform Marks the Next Phase of Digital Payments
Stablecoins are moving from the margins of crypto markets into the plumbing of global payments. Visa is betting that the next phase of adoption will not come from consumers holding digital dollars, but from banks, fintechs, and businesses using them behind the scenes. Its new Visa Stablecoin Platform is designed to give financial institutions a […] The post Visa’s Stablecoin Platform Marks t
PaymentsJournalJul 17
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