VISA AND MASTERCARD ARE HELPING BUILD THE MONEY THAT MOVES ONCHAIN Open USD is live with 200+ network partners. Visa, Mastercard, Stripe, Shopify and Coinbase are founding partners, with more than $1B in near term launch liquidity commitments. The incentive is powerful: businesses distributing and using OUSD can earn rewards and ownership in the network they help grow. My read: payment companies now have a reason to bring their existing customers onchain. They already have the accounts, merchants and distribution. Stripe has integrated OUSD into payments, business balances, cards and global payouts. Ethereum is supported alongside Base, Solana and Tempo, Stripe’s default. Meanwhile, Aave Labs has proposed bringing OUSD into Ethereum’s lending markets. If approved, the same dollar used for business payments could also fund onchain borrowing. The bigger opportunity: businesses could keep money onchain because they can receive it, put it to work and spend it there. That is how blockchain becomes part of everyday finance.

Visa and Mastercard should be a winner in agentic commerce. As companies try to determine if their customer is a human, or bot, real or fake, legitimate or a scam, having trusted payment processors will be vital. I am bullish on Visa and Mastercard. I do not believe agents will create a bypass with stablecoin like Citrini suggested earlier this year.

Visa vs Mastercard looks like a coin toss. Until you zoom out. Over the 5 years through September 18, 2026, with dividends reinvested, $MA returned 11.16% annually. $V returned 11.52%. Pretty close. Now extend that same comparison to TEN years. Mastercard: 19.69% annually. Visa: 17.02%. That turned the same $10,000 investment into roughly $60,300 with Mastercard versus $48,200 with Visa. Both made patient shareholders serious money. But calling them interchangeable misses how much a few percentage points can add up. I like businesses like these. I’m still going to care what I pay for them, because those historical returns aren’t a promise about the next decade.

Visa is looking beyond plastic cards in India From agentic commerce to tokenization, @HaslindaTV explains how the payments giant plans to keep up with the changing ways Indians pay

Visa Opens a New Route For Onchain Lending Into Payments Visa is connecting its VisaNet settlement data with blockchain based lending infrastructure. This would enable lenders to extend loans to finance payment obligations through VisaNet transaction data. The lenders can also analyze Visa settlement data along with on-chain data to evaluate the borrowers and funding requests. The company gave the example of Credit Coop, which has extended $2.5 billion worth of settlement volume since 2023. It is part of an ongoing effort by Visa’s stablecoin payment service, which is growing in its network of operations. There are now over 160 stablecoin linked card programs running on Visa, with their payment volume increasing by almost 200% YOY.