Visa expands stablecoin settlement to the Monad network
2026-11-11 17:35:37
According to CoinMeta, on November 10, 2026, Visa announced the inclusion of the Monad blockchain into its stablecoin settlement program. This move follows Visa's disclosure in its October financial report of an annualized stablecoin settlement volume of over $25 billion. The Monad Foundation stated that participating Visa issuers and payees can use this blockchain for the settlement of their payment obligations. However, the announcement did not mention any specific institutions or supported stablecoins that are currently using Monad for settlements. This expansion by Visa provides participating institutions with more options when using stablecoins for settlements, further promoting the development of multi-chain systems. Visa also noted that blockchain settlements allow for fund transfers outside of regular bank business hours, offering institutions another way to manage their payment obligations. Visa's latest initiative comes at a time when stablecoin settlement activities are increasing; reports show that as of September 2026, the annualized operation rate of Visa's stablecoin settlements reached $20 billion, an increase of over 15 times compared to the same period last year.
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Source:The Coin Republic
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