Scott Melker discusses Visa (V) adding Monad as yet another option for settlecoin settlements. Visa already allows settlements on ethereum (ETH-USD), Solana (SOL-USD), and Avalanche (AVAX-USD).
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Visa adds Monad to stablecoin settlement network options.
Visa issuers and acquire can now use Monad, I guess if they want to.
For stablecoin settlement with privacy features planned for the coming months. So that's interesting, right?
We know that uh Visa already is uh allows settlement on Ethereum, Solan and avalanche, adding Monad. I have no idea how much volume or transaction volume Monad actually does.
Interesting to see them coming out, but this announcement did come from the Monad Foundation.
But Visa as a whole reported 20 billion in annualized stablecoin settlement run rate as of September. So an absolutely huge number. Visa does not want to be replaced by a new better technology.
So they're adopting it themselves. Very smart.
But maybe the most interesting part of this announcement is that latter part. Monad plans an institutional privacy feature for the coming months, which would allow would let institutions selectively share settlement details with auditors and regulators.
Which is great because who wants to give auditors and regulators all your data when they ask for it?
Nobody. It's like the IRS. It's optional.
Okay. So stablecoin networks, uh, I mean, credit card networks obviously adopting stablecoins and doing it on multiple blockchains. That's good news.
