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During its third-quarter earnings call, Visa said it is investing across the stablecoin stack, naming OpenUSD, tokenized deposits, and AI-powered commerce as the areas in focus.
No financial figures or timelines were attached to the disclosure. Three named areas, no mechanism specified Visa said it is investing across all three components.
What that investment looks like at the protocol or product level, the company did not specify on the call. Tokenized deposits occupy a different slot in the payment stack than reserve-backed stablecoins.
They represent an on-chain claim against a bank deposit rather than a separate token collateralized by cash or Treasuries. Whether Visa is building toward one model or the other, the call did not say.
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