Visa adds Polygon, Base support as stablecoin settlement run rate hits $7B
Visa broadens its crypto pilot to nine blockchains as stablecoin volumes grow, highlighting early traction for onchain settlement in global payments.
Global payments giant Visa has expanded its stablecoin settlement pilot to include Polygon and four other blockchain networks, signaling continued experimentation with crypto-based payment infrastructure.
The pilot, launched by Visa in 2023, allows partners to settle transactions using stablecoins rather than traditional banking rails. Newly supported networks include Polygon, Base, the Canton Network, Arc and Tempo. They join existing supported chains such as Ethereum, Solana, Stellar and Avalanche.
The expansion comes as the program has reached an annualized settlement run rate of roughly $7 billion, growing about 50% quarter over quarter, according to Visa. Despite that growth, volume remains small compared to the company’s core payments business.