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The platform will enable banks to issue tokens backed by fiat currency, including stablecoins, and manage digital transactions more efficiently.
Visa is preparing to launch a platform for issuing stablecoins in 2025, enabling banks to issue and manage digital assets.
The platform, called the Visa Tokenized Asset Platform, will allow banks to issue fiat-backed tokens, including stablecoins, and manage digital transactions more efficiently.
As part of their digital operations, VTAP will enable banks to mint, burn, and transfer stablecoins and other fiat-backed tokens.
According to Visa, the platform is currently being tested, and operations are expected to begin next year.
The project's development includes testing VTAP while determining the requirements for launching the first live pilot. The Ethereum blockchain will be used to launch the pilot in 202
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