Visa Adds Monad to Stablecoin Settlement Options as Institutions Seek More Rails
Visa’s growing list of blockchain settlement options reportedly has a new entrant: Monad . According to a November 10 report citing the Monad Foundation , participating Visa issuers and acquirers can now use the network for stablecoin settlement. That is a back-office financial infrastructure development, rather than a new consumer-facing Visa card that automatically makes every merchant accept cryptocurrency. TL;DR: Monad has been added to Visa’s stablecoin settlement options for participating institutional clients, according to a statement from the Monad Foundation reported on November 10. A privacy capability is planned, not yet delivered. The important test will be actual institutional...
NewsBTC4 min read
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