Visa reported $11.63 billion in fiscal third-quarter net revenue, up 14% year over year, with adjusted earnings of $3.32 per share. Executives used the July 28 earnings call to place OpenUSD, tokenized bank deposits, blockchain settlement and AI-powered commerce inside one payments roadmap. Shares slipped about 1% after hours even though results beat analyst forecasts.
Visa reported $11.63 billion in quarterly net revenue for its fiscal third quarter, up 14% year over year. Adjusted earnings reached $6.3 billion, or $3.32 per share. Yet the shares fell about 1% in after-hours trading despite results exceeding analyst forecasts.
Payments volume and processed transactions each increased 10%, while cross-border volume rose 13%. Management then spent the July 28 earnings call mapping out where digital tokens fit into the card network’s plumbing.
Visa’s settlement pilot spans nine blockchains
Visa said it is investing across blockchains, issuance, wallets, infrastructure, orchestration and payment applications. Its stated role is to connect financial institutions and payment companies to those systems rather than operate only as a card network, and its stablecoin settlement pilot reached a $7 billion annualized run rate by March after growing 50% during one quarter.
That programme now supports nine blockchains, including Ethereum, Solana, Base, Polygon, Avalanche, Stellar, Canton, Arc and Tempo. The separate Visa Stablecoin Platform, announced on July 16, supplies wallet infrastructure for minting, holding, transferring and redeeming stablecoins, and is in beta testing with selected clients with no date announced for wider availability.
OpenUSD is a starting asset, not an exclusive choice
OpenUSD will be the first stablecoin supported through that platform, but Visa said during the call that its longer-term strategy would remain multi-coin and multi-chain. The company said its role was not to choose a winning stablecoin, blockchain or infrastructure provider, but to help clients connect to whichever regulated systems gain adoption.
ARK Invest researcher Lorenzo Valente argued that Visa’s involvement appeared “closer to a soft LOI than a strategic bet.” Neither the earnings call nor the platform announcement disclosed an OpenUSD balance-sheet investment, distribution target or minimum transaction commitment.
Tokenized deposits and AI agents fill out the roadmap
Visa also plans to connect the stablecoin platform with Pismo, the cloud-based banking infrastructure company it acquired in 2024, to help financial institutions create tokenized deposits while keeping customer funds on bank balance sheets. Such deposits represent a customer’s claim against a specific regulated bank, and Visa said in June it was building technology to let banks turn traditional deposits into programmable, continuously available digital money.
Beyond settlement, the company sees AI agents searching, selecting and buying goods for users, and it has introduced agent identity, token assurance and transaction-control tools so software agents can pay within preset limits. Visa said it believes agentic commerce could increase its addressable market, though merchants, banks and consumers must still adopt the technology while liability, authentication and consent rules are still developing.
Visa has not provided firm dates for OpenUSD’s launch, expanded platform testing or the Pismo integration.
Source: crypto.news
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