Visa announced that it supports stablecoin settlement on 9 blockchains, increasing by 50% quarter-over-quarter to $7 billion in annualized value

According to an official announcement by Visa on April 30, Visa said it will expand its global stablecoin settlement pilot program to five additional networks: Arc, Base, Canton, Polygon, and Tempo. The total number of supported blockchains will reach 9; Visa’s blockchain settlement annualized run rate has reached $700 million, up 50% within a single quarter from about $470 million.

Details on the new networks and Visa’s role across each network

According to Visa’s official announcement, the technical positioning of the five newly added networks is as follows:

Base: an Ethereum Layer 2 scaling network incubated by Coinbase

Polygon: an Ethereum scaling network

Arc: a Layer-1 blockchain focused on stablecoins and payments, under Circle

Tempo: a Layer-1 blockchain focused on stablecoins and payments, under Stripe

Canton: an institutional-focused blockchain that provides configurable privacy options

According to the Visa announcement, Visa takes on different roles across the three newly emerging networks mentioned above: Visa is the design partner for Arc and has become a validator for both Tempo and Canton. Previously supported networks were Ethereum, Solana, Avalanche, and Stellar.

Growth in settlement scale and the stablecoin ecosystem

According to Visa’s official announcement, Rubail Birwadker, Head of Global Growth Products and Strategic Partnerships at Visa, said in a statement: “Our partners are building a multi-chain world, and they want their choices to reflect that reality. Expanding our stablecoin settlement pilot program to more blockchains means our partners can choose the network that best fits their needs while relying on Visa to provide universal settlement across all networks.”

According to a Decrypt report, Visa currently operates more than 130 card projects linked to stablecoins across 50-plus countries worldwide, connecting digital assets with traditional payment networks.

FAQ

What are the 5 stablecoin settlement networks newly added by Visa?

According to Visa’s official announcement, the five newly added networks are Arc (Circle’s Layer-1), Base (Coinbase-incubated Ethereum Layer 2), Canton (institutional privacy blockchain), Polygon (Ethereum scaling network), and Tempo (Stripe’s Layer-1); the total number of supported networks is 9.

What is Visa’s current blockchain settlement annualized run rate, and how much has it grown?

According to Visa’s official announcement, Visa’s blockchain settlement annualized run rate has reached $700 million, growing 50% within a single quarter from about $470 million.

What roles does Visa play across the three emerging networks Arc, Tempo, and Canton?

According to the Visa announcement, Visa is Arc’s design partner and has become a validator for Tempo and Canton respectively.