Global Payments Giant Bolsters Digital Currency Ecosystem as Transactions Surpass $7 Billion Mark

Table of Contents Visa expanded its stablecoin settlement pilot to five new blockchains as annualized volume reached $7 billion. The payments company reported a 50% increase from the previous quarter and confirmed broader multichain coverage. The program allows issuers and acquirers to settle transactions using stablecoins instead of traditional banking systems. Visa confirmed that its settlement pilot now operates across nine blockchain networks. The newly supported networks include Coinbase’s Base, Polygon, Canton Network, Circle’s Arc, and Stripe-backed Tempo. These platforms join Ethereum, Solana, Avalanche, and Stellar, which Visa integrated earlier. The company said the pilot enables partners to complete settlements with stablecoins rather than bank transfers. As a result, participants can move funds using blockchain-based dollars in near real time. Visa stated that this structure reduces delays linked to traditional cross-border banking systems. Visa reported that the program’s annualized run rate reached $7 billion. The company said this figure marks a 50% increase compared to the prior quarter. It confirmed that issuers and acquirers use the pilot for live settlement activity. Visa said it adopted a multichain approach to meet partner demand. The company explained that partners operate across several blockchain ecosystems. Therefore, Visa aims to provide a unified settlement layer across supported networks. “Our partners are building in a multi-chain world, and they expect their options to reflect that reality,” said Rubail Birwadker. He serves as Visa’s global head of growth products and strategic partnerships. He said expanding to more blockchains allows partners to choose networks that match their needs. Birwadker added that Visa will maintain a common settlement layer across all integrated networks. He said this structure gives partners access to different liquidity pools without added complexity. Visa stated that the expansion aligns with growing stablecoin adoption in global payments. The company said stablecoins, which track fiat currencies, now play a larger role in cross-border transfers. Visa has tested stablecoin settlements tied to card programs in more than 50 countries. These pilots include USDC-linked transactions for select partners. Visa explained that blockchain-based settlement reduces the time required to move funds. Instead of waiting days for banking processes, partners can settle transactions almost instantly. The company confirmed it will continue expanding its stablecoin settlement pilot as partners adopt more blockchain networks.