Visa (V) expands stablecoin settlement network as volume hits $7 billion run rate
CoinDesk
Visa has expanded its stablecoin settlement pilot to nine blockchains, achieving a $7 billion annualized run rate for transaction settlements.Summary
Visa has expanded its stablecoin settlement pilot to support nine blockchains, including new integrations with Base, Polygon, Canton Network, Arc, and Tempo. This initiative enables issuers and acquirers to bypass traditional banking rails by using stablecoins for near real-time, cross-border settlements. The program has reached a $7 billion annualized run rate, representing a 50% increase from the previous quarter. By adopting a multichain approach, Visa aims to provide its partners with greater liquidity and flexibility while maintaining a unified settlement layer.
(Source：CoinDesk)