--- title: "Visa, Stripe, and OKX Expand Enterprise Stablecoin Infrastructure Around Open USD" description: "Payment networks and exchanges are deploying dedicated wallets, fee-free conversion rails, and consumer apps to capitalize on cross-border dollar settlement." url: https://basisdesk.news/analysis/visa-stripe-okx-expand-stablecoin-settlement published: 2026-10-16T14:02:53.207Z modified: 2026-10-16T14:02:53.207Z section: Stablecoins & Payments author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [BTC, ETH, SOL, USDT, USDC] tags: [Open USD, Visa, Stripe, OKX, Solana, OUSD] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Visa, Stripe, and OKX Expand Enterprise Stablecoin Infrastructure Around Open USD Payment networks and exchanges are deploying dedicated wallets, fee-free conversion rails, and consumer apps to capitalize on cross-border dollar settlement. ## At a glance - **What happened:** Visa, Stripe, and OKX expanded their stablecoin infrastructure through direct OUSD integration, institutional wallet services, and retail digital dollar applications. - **Why it matters:** The deployments eliminate mint and burn conversion fees for corporate users while providing institutional governance controls for onchain treasury settlement. - **Who is affected:** Financial institutions, fintech platforms, corporate treasury teams, and retail users seeking digital dollar savings across emerging markets. - **What's next:** Visa is conducting beta testing of its Visa Stablecoin Platform with select corporate clients prior to broader market availability. - **Status:** announced - **Primary source:** [Open USD Is Live on Solana](https://solana.com/news/open-usd-is-live-on-solana) — Solana News ## Key points - Open Standard launched OUSD with over $1 billion in committed liquidity backed by Coinbase, Mastercard, Shopify, Stripe, and Visa. - Visa introduced the Visa Stablecoin Platform in beta, offering Wallet-as-a-Service and native minting capabilities for OUSD. - OKX launched the OKX Money app, offering zero-fee stablecoin conversions and up to 10% APY on eligible USDG balances. ## Editorial remark - **Context:** Corporate stablecoin adoption has been limited by high conversion fees, operational fragmentation, and compliance barriers for treasury teams. - **Impact:** Enterprises and fintechs gain zero-fee mint and burn capabilities for OUSD, while retail users in emerging markets access low-cost digital dollar savings. - **Watch:** Monitor the expansion of Visa's VSP beta testing program and monthly public reserve attestations for OUSD. ## The Shift to Direct Corporate Stablecoin Infrastructure Global payment networks and digital asset venues are shifting from speculative crypto trading services toward dedicated stablecoin settlement architecture. The recent push highlights a broader strategy by legacy networks and crypto venues to build proprietary rails for institutional treasury management, cross-border payments, and retail dollar access [2, 3, 4]. Central to this ecosystem expansion is Open USD ($OUSD), a dollar-backed asset introduced by Open Standard [1, 2]. Founded with equal initial stakes by Coinbase, Mastercard, Shopify, Stripe, and Visa, Open Standard secured more than $1 billion in committed liquidity from its founding partners to back OUSD [1]. The underlying reserve framework relies on custodians including BlackRock, Lead Bank, and BNY, with monthly public attestations managed through Bridge, the issuing entity [1]. Rather than relying on variable minting and burning costs that traditionally hinder high-volume corporate cross-border payments, Open Standard eliminates fiat-to-token conversion charges [4]. It relies instead on predictable transaction fees [4]. This structural change attempts to solve the operational friction that has limited corporate stablecoin deployment, aligning financial incentives for enterprises conducting foreign exchange, payroll, and card settlements [1, 4]. At the time of writing, major network tokens show renewed momentum, with Bitcoin ($BTC) trading at $81,951 (+2.1% in 24 hours), Ethereum ($ETH) at $2,456 (+5.0%), and Solana ($SOL) at $105.58 (+4.0%). Tether ($USDT) maintains its peg at $0.9987. ## Enterprise Integration and Managed Onchain Infrastructure To bridge legacy corporate accounting systems with decentralized ledger rails, Visa announced the Visa Stablecoin Platform (VSP) [2]. The enterprise product provides financial institutions, fintech firms, and payment providers with a unified environment to mint, hold, and redeem stablecoins, launching initially with OUSD [2]. Through VSP, Visa introduces a Wallet-as-a-Service model designed around institutional security standards [2]. The service integrates dual-control workflows—requiring one user to initiate sensitive operations and a second to approve them—alongside full audit logging, passkey controls, and transfer allow-lists [2]. The platform connects directly into Visa's existing settlement, treasury, and fraud management infrastructure, allowing clients to plug stablecoin assets directly into established payment rails [2]. VSP has initially opened for beta testing with selected corporate clients [2]. Concurrently, Stripe integrated OUSD across its payment software stack, enabling developers to build corporate financial products using Bridge orchestration and Privy embedded wallet tooling [4]. Corporate clients using Stripe Treasury can fund accounts via OUSD across multiple blockchains, including Solana, Base, Ethereum, and Tempo, or through traditional clearing mechanisms like ACH, SEPA, and wire transfers [4]. Corporate partners, such as spend management platform Ramp, are deploying these APIs to maintain OUSD treasuries, issue payout cards via Stripe Issuing, and deliver international payments [4]. These developments build upon wider industry efforts, as seen when [Visa launches stablecoin platform for institutional beta testing](https://basisdesk.news/news/visa-launches-stablecoin-platform-institutional-beta). ## Network Selection and Native Protocol Architecture Network architecture plays a decisive role in corporate adoption. Open Standard deployed OUSD natively on Solana, avoiding wrapped token representations or separate liquidity pools that introduce counterparty and smart contract risks for institutional treasuries [1]. Solana's implementation uses the Token-2022 standard, incorporating protocol-level extensions like confidential transfers [1]. This technical foundation matches the configuration utilized by other corporate issuers on the network, such as PayPal, Fiserv, and Western Union [1]. Network throughput metrics show Solana processed over $5 trillion in stablecoin transfer volume over the course of the year, while total stablecoin supply on the network reached $17.4 billion, reflecting an 18.8% year-over-year increase [1]. The technical choice is primarily driven by transaction economics [1]. Solana's median transfer fee sits near $0.0013, allowing low-margin payment applications—such as small-value payouts, automated rebates, and real-time merchant settlement—to execute without batching transactions to offset network overhead [1]. These low fee barriers are critical as [Open Standard launches OUSD stablecoin on Solana with Stripe integration](https://basisdesk.news/analysis/open-standard-launches-ousd-stablecoin-solana-stripe) to service a broader coalition of over 200 integrating institutions, including UBS, SBI Holdings, and Jeeves [1]. ## Emerging Market Retail Distribution Models While corporate issuers focus on backend settlement, consumer platforms are targetting retail dollar access in regions prone to high inflation and banking restrictions [3]. OKX released OKX Money, a standalone mobile application targeted at retail users seeking US dollar-backed savings, cross-border transfers, and everyday card spending [3]. The application is designed for non-technical users, abstracting blockchain mechanics while supporting account funding across more than 50 national fiat currencies [3]. Funds automatically convert into dollar-backed assets, including USDG, $USDC, or USDT, with zero conversion fees between supported tokens [3]. Qualifying users can earn yield up to 10% APY on eligible USDG balances without lockups or staking obligations [3]. To drive adoption in markets where traditional financial services remain fragmented, OKX Money incorporates virtual and physical payment cards with zero foreign exchange fees or conversion markups [3]. Its distribution strategy heavily relies on a multi-tiered referral model, offering commissions and up to 10% cashback on qualified card spending [3]. OKX operates under regulatory licensing frameworks across more than 30 jurisdictions, deploying the application progressively across participating international markets [3]. ## Strategic Industry Implications The coordinated infrastructure rollout by major payment processors and crypto exchanges signals a major shift in digital asset monetization. By eliminating minting and burning spreads for institutional users, stablecoin issuers are shifting competition toward transaction velocity, network liquidity, and value-added software services [1, 4]. For enterprise treasuries, native issuance standards combined with managed institutional wallets resolve critical compliance and risk management hurdles [1, 2]. Dual-control authorization, protocol-level privacy extensions, and direct integration into established accounting stacks remove the legal and operational barriers that previously stalled institutional adoption [1, 2]. At the consumer layer, the convergence of high-yield digital dollar accounts with global card issuance challenges traditional banking institutions in emerging markets [3]. By removing foreign exchange surcharges—which typically add 2% to 5% to conventional retail purchases—crypto platforms are establishing competitive payment rails for cross-border commerce [3]. ## What to Watch - **VSP Beta Expansion**: Progress reports and feedback from corporate clients participating in Visa's initial beta testing of the Visa Stablecoin Platform [2]. - **OUSD Attestation Reports**: Monthly public reserve attestations published for OUSD via Bridge to verify asset backing across BlackRock, Lead Bank, and BNY [1]. - **Solana Network Metrics**: Ongoing growth in Solana's native stablecoin supply beyond $17.4 billion and monthly transaction volume trends across enterprise users [1]. - **OKX Money Regional Rollout**: Expansion of OKX Money features, licensing approvals, and card issuance across additional international jurisdictions [3]. ## FAQ **What is Open USD (OUSD)?** Open USD is a stablecoin created by Open Standard—founded by Coinbase, Mastercard, Shopify, Stripe, and Visa—offering fee-free minting and burning for businesses. **What capabilities does the Visa Stablecoin Platform offer?** The platform provides enterprise clients with Wallet-as-a-Service, dual-control transaction approvals, audit logging, and direct connectivity for minting and redeeming OUSD. **How does OKX Money handle foreign exchange fees?** OKX Money allows users to hold and convert between supported stablecoins without conversion fees and charges zero FX fees on international card spending. ## Sources 1. [Open USD Is Live on Solana](https://solana.com/news/open-usd-is-live-on-solana) — Solana News, 2026-09-30 2. [Visa Stablecoin Platform simplifies onchain operations](https://corporate.visa.com/en/sites/visa-perspectives/newsroom/visa-stablecoin-platform.html) — corporate.visa.com, 2026-10-15 3. [Introducing OKX Money: Digital Dollars That Keep Up With Modern Life](https://www.okx.com/en-gb/learn/okx-money-launch-select-markets) — okx.com, 2026-10-06 4. [OUSD is now available on Stripe](https://stripe.com/newsroom/news/ousd-is-now-available-on-stripe) — stripe.com, 2026-09-30 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai