In summary
- Visa has expanded its global stablecoin settlement pilot to include Arc, Base, Canton, Polygon, and Tempo, bringing the total supported networks to nine.
- The blockchain settlement volume of the payment giant has reached a $7 billion annualized run rate, showing a 50% quarter-over-quarter growth.
- Visa now operates over 130 stablecoin-linked card programs across more than 50 countries.
Visa has extended its global stablecoin settlement pilot to include nine blockchain networks. The company’s blockchain infrastructure has achieved a $7 billion annualized run rate with a 50% growth in the last quarter.
The newly added networks—Arc, Base, Canton, Polygon, and Tempo—each cater to specific settlement requirements, as per Visa’s announcement. Polygon and Base, incubated by Coinbase, are Ethereum scaling networks, while Arc by Circle and Tempo by Stripe focus on stablecoins and payments. Canton provides privacy options for institutions.
These additions complement Visa’s existing support for Ethereum, Solana, Avalanche, and Stellar, creating a comprehensive multi-chain settlement layer.
The rapid growth of the pilot program reflects the increasing adoption of blockchain payment rails by institutions. Visa reported a jump in stablecoin settlement volume from around $4.7 billion to $7 billion annually within just one quarter.
Visa’s stablecoin ecosystem goes beyond settlement infrastructure. The company runs over 130 stablecoin-linked card programs in more than 50 countries, bridging digital assets with traditional payment networks.
“Our partners are operating in a multi-chain environment, and they expect their options to reflect that reality,” stated Visa Global Head of Growth Products and Strategic Partnerships Rubail Birwadker. “Expanding our stablecoin settlement pilot program to more blockchains enables our partners to choose networks that best suit their needs, with Visa providing a common settlement layer across all of them.”
Arc, Tempo, and Canton are relatively new players in the blockchain sector, and Visa has already shown support for all three. Visa is a design partner for Arc, and recently became a validator for both Tempo and Canton.