Visa added five new blockchains — Arc, Base, Canton, Polygon and Tempo — to its stablecoin settlement pilot, bringing the total to nine supported networks. The card network disclosed that its onchain settlement volume is now running at an annualized pace of roughly $7 billion, up about 50% quarter over quarter.
Why it matters
The expansion signals that stablecoin settlement has moved past the pilot phase at the world's largest card network. Visa now counts more than 130 stablecoin-linked card programs live across over 50 countries — a footprint that effectively makes stablecoins a default backend option rather than an experiment. Adding Canton, a privacy-focused chain used heavily by institutional finance, alongside consumer-grade networks like Base and Polygon, also widens the addressable market from retail card spending into tokenized institutional settlement.
Market impact
The 50% sequential growth in annualized volume is the cleanest signal in the release — it suggests issuer and acquirer demand is scaling rather than stalling. Watch the $7B annualized figure as the new baseline: any meaningful deviation in subsequent quarters will move the narrative on whether card-rail stablecoins are hitting an adoption ceiling or breaking through it.
Frequently asked questions
-
Which blockchains did Visa add to its stablecoin pilot?
Visa added Arc, Base, Canton, Polygon and Tempo, bringing the total number of supported blockchains in its stablecoin settlement pilot to nine.
-
How much volume is Visa settling onchain?
Visa disclosed its onchain settlement volume is running at an annualized pace of roughly $7 billion, up about 50% quarter over quarter.
-
How many stablecoin-linked card programs does Visa support?
Visa said it now supports more than 130 stablecoin-linked card programs across over 50 countries.
-
What does adding Canton to the pilot signal?
Canton is a privacy-focused chain used by institutional finance, so its inclusion extends Visa's stablecoin pilot beyond retail card spending into tokenized institutional settlement.
-
Why does the 50% sequential growth in volume matter?
It suggests issuer and acquirer demand is scaling rather than stalling, and it sets a $7B annualized baseline for measuring whether card-rail stablecoins are hitting an adoption ceiling or breaking through it.
CryptoSlate
Crypto News
CoinDesk
TheBlock
Lookonchain