Stablecoin settlement
Stablecoin settlement is running on VisaNet, with an annualized run rate of about $7 billion as of March 2026.
The numbers
What it is
Visa uses stablecoins to settle with issuing banks and is working to extend that to acquirers. Issuing banks already settle with Visa seven days a week onchain. The company is expanding pilots across regions, blockchains and currencies.
Why it matters to the stock. Stablecoin settlement can cut settlement time and cost for Visa's partners. It also tests whether crypto rails could compete with the card network's own settlement, so it is a strategic bet as well as a product.
News
Visa data: business uses are about 17% of stablecoin-linked card volume in FY26
Visa said that about 17% of stablecoin-linked card volume in its fiscal 2026 year to date came from business and commercial card programs.
Visa study: stablecoin willingness rises from 36% to 56% with bank-style protections
A Visa study titled Money Travels 2026 found that 36% of U.S.
Visa says stablecoin settlement passed a $20B annualized run rate; onchain lending launched with Credit Coop
Visa said its stablecoin settlement volume surpassed a $20 billion annualized run rate, up more than 15 times year over year.
Visa to cut about 2,600 jobs, roughly 7% of staff, mainly in technology and product teams
Visa announced on July 28, the same day as its fiscal third-quarter results, that it will eliminate about 2,600 roles, roughly 7% of its workforce.
Visa opens Visa Stablecoin Platform to beta clients, starting with Open USD
On July 16, 2026, Visa launched the Visa Stablecoin Platform, an enterprise environment for creating, sending and holding stablecoins, starting with Open USD.
Visa Payments Forum: new agent scoring, agentic directory and stablecoin expansion
At the Visa Payments Forum in San Francisco, Visa announced AI, stablecoin and token capabilities for agentic and programmable commerce.
Visa and Brale test SBC stablecoin settlement on the Canton Network
On June 4, 2026, Visa and Brale announced a proof of concept to explore institutional settlement in SBC, a US dollar-backed stablecoin issued by Brale.
Visa adds five blockchains to stablecoin settlement pilot; run rate reaches $7 billion
On April 29, 2026, Visa added Arc, Base, Canton, Polygon and Tempo to its stablecoin settlement pilot, bringing the total to nine blockchains.
Visa launches a validator node on the Tempo blockchain
On April 14, 2026, Visa said it had launched a validator node on Tempo, a layer-1 blockchain it describes as built for agentic commerce and machine-to-machine payments.
Visa and Bridge expand stablecoin-linked card program, 18 countries live
Visa and Bridge, a Stripe company, expanded their stablecoin-linked card product, which lets businesses and developers issue Visa cards backed by stablecoins.