Visa Expands Stablecoin Pilot to Nine Blockchain Networks

Visa has made a significant update to its stablecoin pilot program, expanding its reach to nine blockchain networks. The move marks one of the payment giant's most ambitious cross-chain initiatives to date, with the system already processing an annualized volume of $7 billion.

The addition of five new blockchain networks - Coinbase's Base, Polygon, Canton Network, Circle's Arc, and Stripe-backed Tempo - brings the total number of supported ecosystems to nine. The existing integrations include Ethereum, Solana, Avalanche, and Stellar.

Visa's stablecoin settlement pilot focuses on using fiat-pegged digital tokens, such as USDC, to streamline cross-border settlements. The system is already active in more than 50 countries, with stablecoin-linked card settlement enabled.