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Visa Expands Stablecoin Settlement Network to 9 Blockchains, Annualized Volume Reaches $7B

GateNews
Partnerships & Ecosystem

According to BlockBeats, on April 29, Visa expanded its stablecoin settlement network to 9 blockchains, adding support for Base, Polygon, Canton Network, Arc, and Tempo. The payment giant now supports Ethereum, Solana, Avalanche, and Stellar in addition to the newly added networks.

Visa's stablecoin settlement program has reached an annualized transaction volume of $7 billion, representing 50% quarter-over-quarter growth. The program enables card issuers and acquirers to settle transactions directly using stablecoins, bypassing traditional banking clearance systems.

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