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. 160+ stablecoin-linked card programs in 50+ countries. $20B+ annualized stablecoin settlement run rate (Sep 2026). Super Validator on Canton Network.

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Connections

Who they build with, build on, integrate with.