Visa Expands Stablecoin Settlement Pilot to Five New Networks

Visa's stablecoin settlement pilot has made significant strides with the addition of five new blockchain networks: Polygon, Base, Canton Network, Arc, and Tempo.

The program, launched in 2023, allows partners to settle transactions using stablecoins instead of traditional banking rails. By expanding its reach, Visa is testing a wider array of Layer 2s and cross-chain options that could influence how institutions approach on-chain liquidity and interbank settlement rails.

With an annualized settlement run rate of approximately $7 billion, up about 50% quarter over quarter, the pilot demonstrates tangible progress. While this volume remains a smaller portion of Visa's broader payments business, it highlights the potential benefits of using stablecoins in traditional payments.