Visa has added five blockchains to its stablecoin settlement pilot as the programme reaches a US$7 billion annualised run rate.
The new additions are Arc, Base, Canton, Polygon and Tempo. They join Avalanche, Ethereum, Solana and Stellar, bringing the total number of supported blockchains to nine.
Visa said the expansion broadens the settlement networks available to issuers and acquirers as stablecoins move further into payment flows.
The pilot’s annualised stablecoin settlement run rate has grown 50 percent from the previous quarter.
Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa, said,
Our partners are building in a multi-chain world, and they expect their options to reflect that reality.
Expanding our stablecoin settlement pilot program to more blockchains means our partners can choose the networks that best fit their needs, while relying on Visa to provide a common settlement layer across all of them.”
The pilot builds on earlier stablecoin settlement work across Latin America and the Caribbean, Europe, Asia Pacific, and Central and Eastern Europe, Middle East and Africa.
Visa has also expanded USDC settlement to U.S. banks and supports more than 130 stablecoin-linked card programmes in over 50 countries.
The move reflects the wider spread of stablecoin activity across different blockchain networks, with settlement infrastructure evolving to support more choice for partners.
Featured image: Edited by Fintech News Singapore, based on images by nmrahim1257 and ttonaorh via Magnific