Payments giant Visa has added the Monad blockchain as an option in its stablecoin settlement program, allowing participating issuers and acquirers to settle through the network. Monad joins a growing list of supported blockchains including Avalanche, Ethereum, Solana, Stellar, Circle's Arc, Base, Canton, Polygon and Tempo. Visa announced support for Arc, Base, Canton, Polygon and Tempo in April.
Dan Roesbery, Visa's vice president of global onchain partnerships and GTM, said the goal is to give partners flexibility to settle on the blockchain networks that best meet their needs. "Adding support for Monad expands the options available to our partners and is another step toward building a multi-chain settlement infrastructure for stablecoin-enabled payments," Roesbery said in a statement.
Visa reported an annualized stablecoin settlement run rate of $20 billion as of September 2026, up more than 15 times year over year. The company also had more than 225 stablecoin-linked card programs live globally. Visa launched its enterprise stablecoin platform in July, and Shinhan Financial Group became the first top-tier South Korean financial group to adopt it.
The Monad Foundation highlighted that onchain settlement can move funds on weekends and holidays, compared with traditional card settlement which runs on a five-business-day banking schedule. Monad is also developing a privacy feature called Private Settlement, expected to launch in the coming months. It will let institutions keep sensitive transaction details confidential while sharing them with auditors or regulators when needed. The feature is being built directly into Monad so private transactions can use the same liquidity as other activity on the network without slowing settlement.
Keone Hon, co-founder and general manager of the Monad Foundation, said the next phase will be defined by whether institutions can keep sensitive flows confidential without leaving open networks. Visa has also been exploring private settlement on Canton, announcing a proof of concept with stablecoin issuer Brale in June.
Related developments include Visa extending around-the-clock settlement to payouts by adding stablecoin funding and payouts to Visa Direct through Zero Hash, and Stripe partnering with fintech platform miPlata to launch a physical Visa prepaid card that spends stablecoin balances, mainly USDC, at participating merchants. Total stablecoin market capitalization stands at about $289.81 billion, according to DefiLlama data.
