Visa Bolsters Blockchain Presence with Expanded Stablecoin Pilot

Visa has made significant strides in its push into blockchain-based payments by expanding its stablecoin settlement pilot. The company has added five new blockchains to its network, including Arc, Base, Canton, Polygon, and Tempo.

This move brings the total number of integrated networks to nine, including Avalanche, Ethereum, Solana, and Stellar. By supporting multiple chains, Visa aims to increase flexibility for partners and simplify the fragmented blockchain landscape.

The stablecoin settlement pilot has grown rapidly in recent months, operating at a $7 billion annualized run rate, representing a 50% increase compared to the previous quarter. This growth signals strong institutional demand for stablecoins, which offer faster settlement times and lower transaction costs than traditional systems.