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Deployments · platform by Visa

Visa stablecoin settlement for issuers and acquirersUpdated 28 Oct 2026

Visa lets card issuers and acquirers settle what they owe to, or are owed by, VisaNet in stablecoins such as USDC over public blockchains, seven days a week, rather than by bank wire on business days. It runs in Latin America, Europe, Asia-Pacific and CEMEA, and since December 2025 in the US, where Cross River Bank and Lead Bank were the first banks. Visa reported nine supported chains by April 2026 and an annualised settlement run rate above $20 billion by September 2026, though it still describes parts of the programme as pilots.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since Dec 2025[3] — Real settlement flows with production clients, but Visa still calls it a pilot and US availability was limited to some states at launch; not open to all issuers and acquirers. · Reviewed 11d ago

Assets
Stablecoin[1]
Regulated stablecoins, chiefly USDC, used as the settlement asset
Networks
Solana Public, permissionless[3]
Ethereum Public, permissionless[1]
Avalanche Public, permissionless[1]
Stellar Public, permissionless[1]
Arc Public, permissioned[1]
Base Public, permissionless[1]
Canton Network Public, permissioned[1]
Polygon Public, permissionless[1]
Tempo Public, permissioned[1]
Visa is also a Tempo validator.
Use cases
Card settlement[1]Cross-border payments[1]
Jurisdictions
Global, United States

Participants

Likely relevant regulation

Assets

Metrics

  • over $3.5bn / yearAnnualised stablecoin settlement run rate · as of 30 Nov 2025[4]
  • ~$7bn / yearAnnualised stablecoin settlement run rate · as of Mar 2026[2]
  • over $20bn / yearAnnualised stablecoin settlement run rate · as of Sep 2026[5]
  • over 130 programmesStablecoin-linked card programmes · as of Apr 2026context[1]
    Card programmes spending stablecoin balances over Visa in 50+ countries; not settlement volume.
  • over 160 programmesStablecoin-linked card programmes · as of Jun 2026context[2]
    Live or in development.

Timeline

  1. Happened 8 Sep 2026 · Volume milestone · recorded 11 Oct 2026
    Visa reports the annualised settlement run rate has passed $20 billion, more than fifteen times a year earlier.[5]
  2. Happened 29 Apr 2026 · Scope expansion · recorded 11 Oct 2026
    Arc, Base, Canton, Polygon and Tempo added, taking the programme to nine blockchains.[1]
  3. Happened 16 Dec 2025 · Scope expansion · recorded 11 Oct 2026
    USDC settlement switched on for US issuers and acquirers over Solana, with Cross River Bank and Lead Bank first and wider US rollout planned through 2026.[3]
  4. Happened 2025 (year only) · Launch · recorded 11 Oct 2026
    Visa's first stablecoin settlement pilots begin, according to Visa's own account in June 2026.[2]

Sources

  1. [1]Visa Accelerates Stablecoin Momentum: Adding Five Blockchains for Settlement — Visa, 29 Apr 2026. Accessed 11 Oct 2026.B
  2. [2]Visa Announces New AI, Stablecoin and Token Innovations to Power Intelligent, Programmable Commerce at Visa Payments Forum — Visa, 10 Jun 2026. Accessed 11 Oct 2026.B
  3. [3]Visa enables card settlement using stablecoins in US — Ledger Insights, 16 Dec 2025. Accessed 11 Oct 2026.C
  4. [4]Visa rolls out USDC settlement in the US, advancing blockchain-based payments — Crypto Briefing, Dec 2025. Accessed 11 Oct 2026.C
  5. [5]Visa stablecoin settlement tops $20 billion annualized run rate, up more than 15x year over year — The Block, 8 Sep 2026. Accessed 11 Oct 2026.C
  6. [6]Visa Launches Stablecoin Settlement in the United States — Visa, 16 Dec 2025. Accessed 28 Oct 2026. Names Cross River Bank and Lead Bank as initial banking participants settling in USDC on Solana..B
  7. [7]Visa Partners with Aquanow to Enable Faster Settlement Using Stablecoins — Visa, 17 Dec 2025. Accessed 28 Oct 2026.B

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