Visa Announces Tokenized Asset Platform to Manage Stablecoins and CBDCs

TL;DR Visa launches Tokenized Asset Platform (VTAP) to issue fiat-backed tokens. BBVA will carry out a pilot on Ethereum with VTAP in 2025. VTAP will facilitate interoperability between blockchains and automation with smart contracts. Visa has introduced its new solution called the Tokenized Asset Platform (VTAP), designed to help banks issue and manage fiat-backed tokens ... source: https://crypto-economy.com/visa-announces-tokenized-asset-platform-to-manage-stablecoins-and-cbdcs/