Visa Expands Stablecoin Settlement Program Amid CLARITY Act Progress

Visa has continued to expand its stablecoin settlement infrastructure by adding five new blockchain networks to its program. The move brings the total number of supported networks to nine and allows for increased stability and flexibility in transactions.

The new additions include Base, Polygon, Arc, Canton, and Tempo, which will allow Visa's clients and partners to settle value through blockchain infrastructure while keeping exposure tied to a dollar-denominated asset.

Visa's stablecoin program uses USDC, a dollar-backed stablecoin used across several blockchain networks. The company's expansion supports institutional settlement, liquidity management, and programmable financial applications.

Meanwhile, the CLARITY Act is moving forward in the Senate, with lawmakers preparing for a markup after their return from recess in May. Senator Thom Tillis has stated that most bank concerns over stablecoin yield language have been addressed, paving the way for further progress on the bill.