Visa Inc. (V)[Tv]

Key Developments

• Launch of Open USD (OUSD): A consortium-backed stablecoin co-founded by Visa, Stripe, and Mastercard with institutional support from BlackRock and BNY Mellon, marking a transformative leap into programmable digital money and cementing Visa’s role as a central architect of the future global financial infrastructure.
• Visa’s Strategic Expansion into India via Apple Pay and Axis Bank: This partnership enables Visa cardholders to use Apple Pay in one of the world’s fastest-growing digital payments markets, representing a pivotal move into high-growth regions and underscoring Visa’s aggressive geographic and ecosystem expansion.
• Introduction of the Trusted Agent Protocol: By issuing signed credentials for AI shopping assistants, Visa is establishing itself as the foundational trust layer in agentic commerce, effectively locking in its role as the gatekeeper of automated, AI-driven transactions across global markets.
• Global Rollout of the Know-Your-Agent (KYA) Framework with Mastercard and Ant International: Positions Visa as the central architect of AI-driven commerce infrastructure, driving standardization in cross-border, automated transactions and reinforcing its leadership in next-gen digital trust protocols.
• $2.4 Billion Acquisition of BioCatch and $20B Annualized Stablecoin Settlement Volume: Confirms Visa’s first-mover advantage in both fraud prevention and onchain finance, with the Visa Stablecoin Platform now facilitating over $20B in annualized settlement volume across nine blockchains and 160 live programs.