Visa Expands Stablecoin Settlement Pilot to Nine Blockchains
Visa expanded its stablecoin settlement pilot to include five new blockchains, increasing its total supported networks to nine to accelerate cross-border transactions.
Visa Inc. expanded its global stablecoin settlement pilot to include five additional blockchains: Polygon, Coinbase's Base, Canton Network, Circle's Arc, and Stripe-backed Tempo. These networks join Ethereum, Solana, Avalanche, and Stellar, bringing the total to nine supported rails.
The initiative enables issuers and acquirers to settle transactions using stablecoins rather than traditional banking rails, facilitating near real-time cross-border settlement. This common settlement layer allows partners to choose blockchain networks based on their specific liquidity and operational requirements.
Visa reported that the program has reached an annualized run rate of approximately $7 billion, marking a 50% increase over the previous quarter. The expansion aims to make stablecoin settlement more practical and accessible for global partners as digital assets integrate further into real-world payment systems.
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