Bernstein Adjusts Price Target on Visa to $475 From $450

Mastercard launched its Global Money Platform (GMP), integrating BVNK's stablecoin infrastructure. The platform allows banks, fintechs, and enterprises to manage fiat and stablecoins via a single API, with early customers including Nuvei and Marqeta. Visa also announced the production launch of its stablecoin prefunding service for cross-border payments, with processor Inyo Global as the first enabler.

Visa and Mastercard launched programs to integrate stablecoins into their payment systems. Visa's Visa Direct platform will incorporate stablecoins via Inyo Global, enabling cross-border transfers. Mastercard's Global Money Platform, developed with its BVNK unit, allows stablecoin payments at Mastercard-accepting merchants. Both companies aim to stimulate stablecoin adoption for efficient money movement.

Visa (NYSE: V) announced the commercial launch of stablecoin-powered money movement via Visa Direct, moving from pilot to production. Inyo Global, a Visa Direct processor, is the first to enable this service, allowing clients to prefund cross-border payouts using USDC in near real time. This development aims to improve global money movement efficiency and flexibility.

Brazil's antitrust authority cleared a stablecoin venture involving Visa, Mastercard, Coinbase, Stripe, and Shopify without conditions. The decision, signed on October 14, was published on October 15. Open USD, the stablecoin, is already operational in over 100 countries. The ruling does not immediately impact Brazilian users or sales, as the coin is not yet offered in Brazil.

Visa received preliminary approval to establish a domestic bank card clearing institution in China, according to the People's Bank of China. CEO Ryan McInerney called this a significant step, allowing Visa to issue Visa-branded payment products in China once operations begin. The subsidiary has one year to complete preparations before applying for a license. Visa has long provided cross-border services but cannot issue RMB cards without the license.

Visa received approval from China's central bank to prepare for local clearing operations, a step toward competing in China's payment market. The process will take a year, and Visa must apply for an operating license. China's payment market processed 4.6 trillion transactions in 2025, with 10.27 billion bank cards issued by mid-2026. Visa's entry follows similar approvals for Mastercard and American Express.