Visa has since extended USDC settlement to US banks and now supports more than 130 stablecoin-linked card programs across more than 50 countries.
Stablecoin News
Visa's stablecoin settlement pilot reached a $7 billion annualized run rate on April 29 after the company expanded its supported blockchain networks from four to nine. The 50% quarter-over-quarter growth was reported by Visa in an official announcement.
The five newly added networks are: Arc, Base, Canton, Polygon and Tempo. They join the four chains already part of the pilot: Avalanche, Ethereum (ETH), Solana (SOL) and Stellar. Visa said the multi-chain expansion is designed to offer partners a unified settlement layer across otherwise fragmented blockchain infrastructure.
Stablecoin Programs Now Span 50+ Countries
The pilot has been running across Latin America, the Caribbean, Europe, the Asia Pacific, the Middle East, and Africa. Visa has since extended USDC settlement to US banks and now supports more than 130 stablecoin-linked card programs across more than 50 countries.
Visa also confirmed a new partnership with on-chain banking firm WeFi, enabling consumers to make crypto payments while retaining custody of their own assets. In March 2026, the company expanded a separate agreement with Bridge, a subsidiary of Stripe, to support a global stablecoin-linked card program.
Analysts at William Blair maintained an "outperform" rating on Visa stock on April 29, citing stablecoin settlement, agentic commerce, and value-added services as underappreciated contributors to the company's revenue. The note was led by analyst Andrew Jeffrey, who described current stablecoin volumes as a small but growing segment of Visa's broader payments network.
The same note flagged Visa's work on digital euro infrastructure as a potential medium-term regulatory consideration. Visa has built interoperability tools to connect central bank digital currency systems with existing payment rails, and the analysts also pointed to agent-driven commerce as an area of active development.
A Growing Market With Unresolved Policy Questions
The broader stablecoin market held $320 billion in circulating supply as of April 29, up nearly 150% since early 2024, according to DeFiLlama. Competitor Mastercard has also increased its stablecoin presence, enabling stablecoin-linked card spending in the US through integrations with wallets such as MetaMask. Payments software firm Modern Treasury announced a separate Polygon integration on April 29 to help businesses move stablecoin payments faster.
The GENIUS Act has established a regulatory baseline for payment stablecoins in the US. Broader policy questions, including whether stablecoins can offer yield, remain unresolved in a proposed US market structure bill that has stalled in Congress.
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