Visa Expands Stablecoin Settlement Pilot Across Multiple Blockchain Networks

Visa, a leading payment giant, has taken another step in its efforts to create a multi-chain settlement layer by adding five new blockchain networks to its stablecoin settlement pilot. The newly added networks include Arc, Base, Canton, Polygon, and Tempo, bringing the total number of supported blockchains to nine.

The expansion is significant as it allows financial institutions to operate across multiple ecosystems, rather than being tied to a single chain. This move reflects the growing trend of financial institutions operating in a multi-chain world, where they expect their options to reflect that reality.