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Crypto News

Visa Q3 net revenue climbs 14% to $11.63 billion as stablecoin strategy expands

AI Market Summary
Visa's Q3 results show resilient payment growth (revenue +14%, cross-border +13%) while management formalizes a multi-chain stablecoin roadmap via the Visa Stablecoin Platform and expanded blockchain settlement pilots. With pilots supporting nine networks including Ethereum and a reported ~$7B annualized run rate, the announcement reinforces institutional payment-rail adoption narratives and could lift near-term sentiment toward major settlement-layer ecosystems, even as timelines and OpenUSD specifics remain limited.
Impact level
● Medium
Affected assets
ETH/USDT-0.21%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Visa reported fiscal 2023 third-quarter results with net revenue of $11.63 billion, up 14% year over year. Payments volume and processed transactions each rose 10%, while cross-border volume increased 13%. Adjusted net profit was $6.3 billion, or $3.32 per share. The company is also advancing a stablecoin strategy that includes the Visa Stablecoin Platform and a blockchain settlement pilot with a $7 billion annualized run rate.
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