Visa stablecoin settlement hits $7 billion run rate as pilot expands to nine blockchains
visa-stablecoin-settlement-hits-7-billion-run-rate-as-pilot-expands-to-nine-blockchains

Visa added five blockchains to its global stablecoin settlement pilot, bringing the total supported networks to nine as the company's annualized settlement run rate surged 50% since last quarter to $7 billion, the payments giant announced on Wednesday.

The expansion introduces support for five additional blockchains, including Arc, Base, Canton, Polygon, and Tempo, according to a statement. These networks join Visa's existing infrastructure for Avalanche, Ethereum, Solana, and Stellar.

Per the statement, the broader multi-chain rollout builds on Visa’s effort to standardize settlement across fragmented blockchain networks while maintaining a single infrastructure layer for partners.

Visa’s stablecoin settlement pilots have been active across Latin America and the Caribbean, Europe, Asia Pacific, Central Europe, the Middle East, and Africa for several years. The company recently expanded USDC settlement to U.S. banks and now supports more than 130 stablecoin-linked card programs across more than 50 countries, Visa said.

Analysts remain bullish on Visa's strategy

Visa's latest expansion comes as analysts at William Blair reiterated an "outperform" rating on the stock, citing what they described as underappreciated contributions from stablecoins, agentic commerce, and Visa's broader value-added services portfolio.

In a note to clients, the analysts led by Andrew Jeffrey said Visa remains positioned to capture incremental volume from stablecoin-based B2B settlement, framing current activity as a small but expanding component of the company’s broader payments network.

The note also highlighted Visa’s engagement in emerging payment architectures, including agent-driven commerce and interoperability initiatives tied to digital currency frameworks in Europe.

The analysts pointed to continued development of digital euro-related infrastructure as a potential medium-term regulatory overhang, while noting Visa has pursued interoperability tools designed to connect central bank digital currency systems with existing payment rails.

Of note, Visa also said Tuesday it is partnering with "on-chain banking" firm WeFi to enable crypto payments using infrastructure that lets consumers maintain control of their crypto.