Visa advances as Open USD stablecoin platform moves to institutional rollout
+2.51% to $369.71 from $360.66
What moved V
- Visa’s stock rise was driven by its Open USD stablecoin platform moving from experimentation into managed institutional workflows.
- The platform gives institutions tools to mint, redeem, hold and transfer Open USD, with approval controls and audit logs built into the workflow.
- Stripe launched support for the Open USD token across its products and four blockchains.
- RBC maintained its price target on continued double-digit operating growth, while Wells Fargo kept a Strong Buy rating on the shares.
Sources: GuruFocus · ad-hoc-news.de