Visa is expanding its stablecoin settlement pilot to nine blockchains, adding Base, Polygon, Canton Network, Arc and Tempo to existing support for Ethereum, Solana, Avalanche and Stellar.
The program, which lets issuers and acquirers settle transactions in stablecoins instead of through traditional banking rails, has reached a $7 billion annualized run rate, up 50% from the prior quarter.
By supporting multiple networks and enabling near real-time, cross-border settlement with USDC and other stablecoins, Visa aims to give partners access to broader liquidity while serving as a common settlement layer.
Visa has been testing that model through pilots and regional rollouts, including USDC settlement tied to card programs in more than 50 countries.