Visa (V) is expanding its stablecoin settlement network, adding support for five more blockchains as the program reaches a $7 billion annualized run rate, up 50% from the prior quarter.
The newly supported networks are Coinbase's Base, Polygon, Canton Network, Circle's Arc, and Stripe-backed Tempo. They join existing integrations with Ethereum, Solana, Avalanche, and Stellar, bringing the total to nine blockchains.
The program allows issuers and acquirers to settle transactions using stablecoins-cryptocurrencies pegged to fiat money-instead of traditional banking rails. This enables near real-time cross-border money movement, reducing settlement times from days to seconds.
"Our partners are building in a multi-chain world, and they expect their options to reflect that reality," said Rubail Birwadker, Visa's global head of growth products and strategic partnerships.
Visa has been testing stablecoin settlement through pilots and regional rollouts, including USDC settlement tied to card programs in more than 50 countries. By supporting multiple networks, Visa aims to give partners access to different pools of liquidity without added complexity.