Visa reported fiscal third-quarter revenue of $11.6 billion, up 14% from a year earlier, supported by double-digit growth in payments volume, cross-border volume and processed transactions.

During the company’s earnings call, Visa outlined its broader stablecoin strategy, saying it has been investing across multiple layers of the stablecoin ecosystem. The company said:

We are active in investing in each layer of the stablecoin stack, from blockchain, to issuance, wallets, infrastructure and orchestration, and applications. This quarter, we’ve made progress in both the issuance and application layers.

Visa also said it had joined the OpenStandard consortium, which plans to issue the OpenUSD stablecoin for global money movement. The company said the Visa stablecoin platform is designed to let partners settle with Visa in stablecoins, provide onchain wallet-as-a-service infrastructure and move money between fiat currencies and stablecoins, beginning with OpenUSD. That positioning places Visa among the payments companies building infrastructure for a market that is still taking shape, while its existing network remains anchored in traditional card and cross-border flows.

The platform will also integrate with Pismo to support tokenized deposits for financial institutions, with plans to add third-party tokenized deposit infrastructure providers in the future.

Visa also highlighted artificial intelligence as another long-term growth area, describing stablecoins and AI as complementary technologies.

If stablecoins are reshaping the backend of commerce, we see AI is transforming the frontend. We believe agentic commerce will expand our addressable market and drive future growth for Visa.

According to the company’s earnings release, cross-border volume increased 13% year-on-year, or 12% excluding intra-Europe, while processed transactions rose 10%.

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