Visa reported fiscal third-quarter revenue of $11.6 billion, a 14 percent increase from a year earlier, driven by double-digit rises in payments volume, cross-border activity and processed transactions. During its earnings discussion the company outlined investments spanning multiple layers of the stablecoin ecosystem.

Visa is deploying capital across blockchain technology, issuance, wallets, infrastructure, orchestration and applications. Progress this quarter concentrated on the issuance and application layers. The company has joined the OpenStandard consortium, which intends to issue the OpenUSD stablecoin for global money movement.

Its stablecoin platform is intended to allow partners to settle transactions with Visa in stablecoins, supply on-chain wallet-as-a-service infrastructure and transfer value between fiat currencies and stablecoins, beginning with OpenUSD. The platform will integrate with Pismo to enable tokenized deposits for financial institutions, with additional third-party tokenized deposit providers expected later.

Visa identified artificial intelligence as a complementary long-term growth area. It views stablecoins as reshaping the backend of commerce while AI transforms the frontend, with agentic commerce expected to enlarge the addressable market.

Cross-border volume rose 13 percent year-on-year, or 12 percent excluding intra-European flows. Processed transactions increased 10 percent.