Visa's stablecoin settlement pilot hits $7B annual run rate across nine blockchains — up 50% in one quarter!

Visa's stablecoin settlement pilot reached a $7 billion annualized run rate as of April 29, a 50% jump from the prior quarter, after the company added Arc, Base, Canton, Polygon and Tempo to a network that already ran on Avalanche, Ethereum, Solana and Stellar. The expansion doubles down on a program that first moved USDC between card ecosystem partners over Solana and Ethereum in 2023, and formally opened to U.S. issuers and acquirers in December 2025 — when Cross River Bank and Lead Bank began settling over Solana.

The significance is structural, not cosmetic. Stablecoins are entering the settlement layer — the back-office plumbing that moves value between issuing banks, acquirers, program managers and treasury systems after authorization has already happened. Consumers won't see it at the checkout screen, but the infrastructure shift is already underway.

Visa also noted more than…