Visa
InfrastructureActive

Visa

VTAP lets banks mint their own fiat-backed tokens on Ethereum. BBVA is the first pilot. Visa is positioning as infrastructure for bank-issued stablecoins, not just a USDC settlement user.

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Brief

USDC stablecoin settlement live on Solana since Dec 2025. 130+ stablecoin-linked card programs in 50+ countries. $4.6B annualized stablecoin settlement. Super Validator on Canton Network.

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Connections

Who they build with, build on, integrate with.