In short
- Visa has added Arc, Base, Canton, Polygon and Tempo to its global stablecoin settlement pilot, bringing the total number of supported networks to nine.
- The payments giant’s blockchain settlement volume reached an annual run rate of $7 billion, representing 50% quarter-over-quarter growth.
- Visa now operates more than 130 stablecoin-linked card programs in more than 50 countries.
Visa extensive its global stablecoin settlement pilot to nine total blockchain networks Wednesday, as the payments giant’s blockchain infrastructure reaches an annual run rate of $7 billion with quarterly growth of 50%.
The newly added networks—Bow, Basecanton, PolygonAnd Pace– each addresses different settlement needs, according to Visa’s announcement. Polygon and the Coinbase incubated base are both Ethereum scaling networks, while Circle’s Arc and Stripe’s Tempo network are layer 1 chains focused on stablecoins and payments, and Canton offers configurable privacy options for institutions.
These additions complement Visa’s existing support for Ethereum, Solana, AvalancheAnd Stellarcreating an extensive multi-chain settlement layer.
The rapid growth of the pilot reflects the accelerated institutional adoption of blockchain payment rails. Visa’s stablecoin settlement volume has increased from about $4.7 billion to $7 billion annually in just one quarter, the financial giant said.
Visa’s broader stablecoin ecosystem extends beyond settlement infrastructure. The company operates more than 130 stablecoin-linked card programs in more than 50 countries, bridging digital assets with traditional payment networks.
“Our partners are building a multi-chain world, and they expect their options to reflect that reality,” Visa Global Head of Growth Products and Strategic Partnerships Rubail Birwadker said in a statement. “Expanding our stablecoin settlement pilot program to more blockchains means our partners can choose the networks that best suit their needs, while trusting Visa to provide a common settlement layer across all of these networks.”
Arc, Tempo and Canton are newer entrants to the blockchain industry, and Visa has already offered support to all three. Visa is one design partner for Arcand more recently become a validator for both pace And Canton.