Visa has added the Monad blockchain to its stablecoin settlement program, letting participating issuers and acquirers settle over the network, according to The Block.
The move gives Visa another settlement venue as the program’s annualized run rate reaches $20 billion, and it comes as Monad prepares confidential settlement tools for institutions. Monad joins Avalanche, Ethereum, Solana, Stellar, Circle’s Arc, Base, Canton, Polygon and Tempo on Visa’s list of supported networks. Visa announced support for Arc, Base, Canton, Polygon and Tempo in April, The Block reported. Visa launched its enterprise stablecoin platform in July, and Shinhan Financial Group became the first top-tier South Korean financial group to adopt it.
What The Addition Brings
Dan Roesbery, Visa’s vice president of global onchain partnerships and GTM, said in a statement:
“Our goal is to give our partners the 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.”
The Monad Foundation said onchain settlement can move funds on weekends and holidays, while traditional card settlement follows a five-business-day banking schedule. Visa is extending that around-the-clock model to payouts by adding stablecoin funding and payouts to Visa Direct through zerohash, which lets clients prefund and settle across more than 195 markets 24/7.
Monad is developing a privacy feature called Private Settlement, which the foundation expects to launch in the coming months. It will let institutions keep sensitive transaction details confidential and share them with auditors or regulators when needed. The foundation said the feature is being built directly into Monad, so private transactions can draw on the same liquidity as other activity on the network, and that Monad can support it without slowing settlement.
Keone Hon, co-founder and general manager of the Monad Foundation, said in a statement:
“The next phase will be defined by whether institutions can keep sensitive flows confidential without leaving open networks.”
Investor Takeaway
Visa’s addition of Monad expands its multi-chain stablecoin settlement infrastructure, while Monad prepares privacy tools for institutional transactions.
Scale, Staffing And Market Backdrop
Visa reported an annualized stablecoin settlement run rate of $20 billion as of September 2026, up more than 15 times from a year earlier. The company also had more than 225 stablecoin-linked card programs live globally, The Block reported. Card products keep arriving on the same rails, with Stripe partnering with fintech platform miPlata to launch a physical Visa prepaid card that spends stablecoin balances, mainly USDC, at participating merchants.
Michael Robinson, formerly Chainlink’s head of product marketing, announced on X that he joined the Monad Foundation after five years at Chainlink, and ChainCatcher reported that he will handle marketing. Robinson wrote in his post, “It’s uniquely positioned to serve both the top DeFi apps and the world’s largest institutions.” He listed Monad Private Settlement, quantum security, fair execution and Cadence, which targets 100 ms blocks and 200 ms finality, among the upgrades coming.
Total stablecoin market capitalization stands at about $289.81 billion, according to DefiLlama data. Securitize, which listed on the New York Stock Exchange in July, reported third-quarter revenue up 13% year over year to $18.6 million, while average tokenized assets on its platform rose 39% to a record $5 billion. The company also agreed to acquire River One.
Investor Takeaway
Visa’s annualized stablecoin settlement volume has reached $20 billion, supported by more than 225 stablecoin-linked card programs globally.
