Visa ( V ) is expanding its stablecoin push by adding support for five more blockchains as it leans into a multichain approach to global payments.
The payments giant said Wednesday that its stablecoin settlement pilot now spans nine networks and has reached an annual run rate of $7 billion, up 50% from the previous quarter. The program lets issuers and acquirers settle transactions using stablecoins instead of traditional bank rails.
The newly supported blockchains are Coinbase’s Base, Polygon, Canton Network, Circle’s Arc, and Stripe-backed Tempo, joining existing integrations with Ethereum, Solana, Avalanche, and Stellar.
Visa’s move comes as stablecoins — cryptocurrencies with prices pegged to fiat money — gain traction as a way to move money across borders. Visa has tested this model through pilots and regional rollouts, including USDC settlement linked to card programs in more than 50 countries.
Instead of waiting days for funds to move through banking systems, partners can settle transactions using blockchain-based dollars that move in near real-time. By supporting multiple networks, Visa aims to give partners access to different pools of liquidity without additional complexity.
“Our partners are building in a multi-chain world, and they expect their capabilities to reflect that reality,” said Rubai Birwadker, Visa’s global head of growth products and strategic partnerships. “Expanding our stablecoin settlement pilot program to multiple blockchains means our partners can choose the networks that best suit their needs, while trusting Visa to provide a common settlement layer across them all.”
