Visa Q3 revenue rises 14% as crypto push expands

Visa outlined a broad stablecoin strategy during its fiscal third-quarter earnings call on July 28, placing OpenUSD, tokenized bank deposits, blockchain settlement and AI-powered commerce within the same payments roadmap. Summary Visa reported $11.6 billion quarterly revenue, rising 14% as payments and cross-border volumes expanded globally. OpenUSD will be Visa’s first stablecoin platform asset, while the company retains multi-coin support globally. Visa’s stablecoin settlement pilot supports nine blockchains and reached a $7 billion annualized run rate. The U.S. payments company reported $11.63 billion in quarterly net revenue, up 14% year over year. Payments volume and processed transactions each increased 10%, while cross-border volume rose 13%. Adjusted earnings reached $6.3 billion, or $3.32 per share. Visa stablecoin strategy covers the entire stack Visa said it is investing across several layers of the stablecoin market, including blockchains, issuance, wallets, infrastructure, orchestration and payment applications. Its stated role is to connect financial institutions and payment companies to these systems rather than operate only as a card network. That approach includes ...