Visa Expands Stablecoin Settlement Infrastructure with Five New Networks

Visa has made significant strides in expanding its stablecoin settlement program by adding five new blockchain networks to its existing infrastructure.

The newly added networks include Base, Polygon, Arc, Canton, and Tempo, bringing the total number of supported networks to nine. This expansion is part of Visa's efforts to increase institutional settlement and liquidity management using USDC-based stablecoins.

According to Rubail Birwadker, a Visa executive, the company's partners operate in a multi-chain environment, expecting payment options that match that structure. This suggests that Visa plans to support settlement across different blockchain networks rather than relying on one chain.