Visa adds Monad to stablecoin settlement, and card issuers and acquirers in the program can now pay Visa in stablecoins on the Monad chain, the project said in its post on X.
Partners get one more network to pick from, and shoppers will pay with their cards the same way they do now.
Key Takeaways
Issuers and acquirers in the program can now settle Visa bills in stablecoins on Monad.
A chain can move funds on weekends and holidays, while card settlement runs on a five business day bank cycle.
Monad plans a Private Settlement tool in the coming months, so it is not live yet.
The update does not name who will use Monad or how much volume it will see.
Issuers and acquirers in the program can now settle Visa bills in stablecoins on Monad.
A chain can move funds on weekends and holidays, while card settlement runs on a five business day bank cycle.
Monad plans a Private Settlement tool in the coming months, so it is not live yet.
The update does not name who will use Monad or how much volume it will see.
What Does It Mean When Visa Adds Monad to Stablecoin Settlement?
Settlement is the step after a card payment. It is when cash moves from the bank that gave out the card to the bank that serves the shop.
Issuers hand out cards to users, and acquirers process card payments for merchants, and both can now use Monad to pay what they owe Visa. A stablecoin is a crypto coin built to hold a fixed price, such as one US dollar, so it fits payments well.
According to The Manila Times, The Monad Foundation says the card experience stays the same, since the new work takes place out of sight.
How Does Stablecoin Settlement on Monad Work for Card Programs?
The foundation says a chain can move funds on weekends and holidays. Normal card settlement follows a five-business-day bank cycle instead. It adds that issuers can save time, since they need to swap between stablecoins and cash less often.
Dan Roesbery of Visa said the aim is to let partners pick the network that suits them best, so Monad is one more option and not a swap for any network Visa already backs.
Visa Stablecoin Settlement Volume and Card Program Growth
Visa said in September that its stablecoin settlement volume passed a $20 billion yearly run rate, which is more than 15 times the level a year before, based on Visa report on card programs.
A run rate is the pace of today stretched over a full year. It is not total, and it covers the whole Visa network and not just Monad.
The same report says over 160 stablecoin card programs were live in the fiscal second quarter, which helps show why partners want more choice for crypto payouts.
Monad Private Settlement and What Is Still Unconfirmed
Monad is building Private Settlement, a tool that lets firms hide pay details from the public but still show them to auditors and regulators when needed.
The foundation expects it in the coming months, so for now it is a plan that no one can use yet. The update also does not say which banks or fintech firms will go first on Monad.
It does not say which stablecoins will be used or how much volume the chain will see, and those are the facts to watch in the next crypto news updates.
The Bottom Line
Visa adds Monad to stablecoin settlement as one more choice for partners. The real test will be which firms sign up and how much volume moves once Private Settlement goes live.
YMYL Disclaimer: This article is for information only and is not financial, legal, investment, or trading advice. Crypto assets are volatile, so always check official sources first.
About the Author Sanjeev Upadhyay
English Blog Writer at coingabbar.com
Sanjeev Upadhyay is a skilled crypto and web3 content writer who focuses on creating content on the crypto industry. He writes about Bitcoin, Dogecoin, blockchain technology, and the wider digital asset market. Crypto can sound complicated, so he explains each topic in plain words and short sentences. He checks facts before he writes and stays away from hype and big promises. His goal is to make every article clear, useful, and easy to trust. Whether you're new to crypto or have followed it for years, his content is written to help you understand the market with confidence.
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