Visa Expands Stablecoin Support to Four Blockchains, Boosting Cross-Border Payments

Visa has significantly expanded its stablecoin infrastructure, announcing support for four stablecoins across four unique blockchains during its fourth quarter fiscal 2025 earnings call on October 29, 2025. CEO Ryan McInerney revealed that the payment network's stablecoin settlement platform now accepts and converts two currencies to over 25 traditional fiat currencies, while stablecoin-linked Visa card spending quadrupled year-over-year in the quarter.

Since 2020, Visa has facilitated over $140 billion in crypto and stablecoin flows, including users purchasing more than $100 billion of crypto and stablecoin assets using Visa credentials and spending over $35 billion. McInerney stated, "Since 2020, we've facilitated over $140 billion in crypto and stablecoin flows, including Visa users purchasing more than $100 billion of crypto and stablecoin assets using their Visa credentials and spending more than $35 billion in crypto and stablecoin assets using Visa credentials."

The company operates more than 130 stablecoin-linked card issuing programs across 40+ countries, with monthly settlement volume surpassing a $2.5 billion annualized run rate. Visa has enabled banks to mint and burn their own stablecoins through the Visa Tokenized Asset Platform and launched a stablecoin pre-funding pilot for Visa Direct in September 2025, targeting banks, remitters, and financial institutions for faster liquidity management.

McInerney emphasized the focus on emerging markets and cross-border money movement, noting, "The areas where there's product-market fit for stablecoins in the world are the areas where there's significant TAMs and largely where we're underpenetrated. That's emerging markets, and that's cross-border money movement." Opportunities span remittances, B2B payments, and gig economy payouts, with stablecoins integrated into Visa's settlement network modernization and consulting services.

CFO Chris Suh highlighted continued investment, stating, "Across our industry, as things continue to move as fast as they are, you've heard a lot of the conversation even today around agentic commerce and stablecoin. We think it's important that we continue to invest in these opportunities from our position." Visa reported Q4 fiscal 2025 net revenue growth of 12% year-over-year and earnings per share growth of 10%, with full-year performance of 11% revenue and 14% EPS growth. Management guided for low double-digit growth in fiscal 2026, driven by stablecoin expansions, AI, and agentic commerce initiatives.