Visa added Monad to the blockchains that support stablecoin settlement.
The Monad Foundation said institutions participating in Visa’s stablecoin settlement program can now use the Monad network, blockchain outlets The Block and The Defiant reported on Monday local time.
The move applies to settling funds that financial institutions exchange with Visa after card transactions, using stablecoins. Rather than changing how consumers pay by card, it adds a route for post-payment fund transfers between institutions.
Stablecoin-based settlement is not restricted by bank business hours, allowing funds to move on weekends and holidays. Visa added Monad to its existing settlement program to let participating institutions choose a network that fits their needs.
Dan Roseberry (댄 로즈베리), vice president of global onchain partnerships and commercialisation at Visa, said the goal is to let partners settle on the blockchain that best suits their needs. He added that supporting Monad is part of building a multi-blockchain settlement infrastructure for stablecoin payments.
Features to protect institutions’ transaction information are also being prepared. The Monad Foundation plans to roll out 'Private Settlement' in the coming months, allowing sensitive settlement details to remain confidential while enabling disclosure to auditors or regulators when needed. The feature is separate from the settlement support currently provided and has not yet been released.
Rival Mastercard also announced in June it would expand settlement options using stablecoins. The direction is to combine digital asset-based settlement with existing financial infrastructure and support moving funds on weekends and holidays.
As global card companies expand stablecoin settlement, the focus of competition is also broadening to include convenience for institutions’ cash management and choice of networks. Visa did not disclose which institutions will use the service, what types of stablecoins are supported, or the volume of settlement processed on Monad in the Monad support announcement.
The move focuses on extending stablecoin settlement beyond traditional bank schedules. Visa and Mastercard expanding such efforts in succession shows the scope of onchain connectivity is widening in institutional payment and settlement infrastructure.
