Visa's stablecoin settlement pilot hit a $7 billion annualized run rate in April 2026, up 50% from the prior quarter. The program now supports nine blockchains and underpins over 130 card programs across more than 50 countries.
Nine Blockchains Active
The system added five networks since last quarter. It now runs on Avalanche, Ethereum, Solana, Stellar, Arc, Base, Canton, Polygon and Tempo. That's up from just four blockchains in the last phase. Visa didn't explain why these specific chains made the cut.
Back-End Settlement Only
Stablecoin moves happen behind Visa's payment infrastructure, not at checkout. The system settles fiat-denominated VisaNet transactions using USDC. Consumers won't see this layer. It's purely for Visa's financial partners moving money between systems.
Card Programs Multiply
Over 130 stablecoin-linked card programs are now live. They connect to Visa's expanded settlement infrastructure worldwide. Many operate in emerging markets where crypto payments are gaining ground. The actual cards still show dollar values to users.
Solana Adoption in U.S.
U.S. issuer and acquirer partners like Cross River Bank and Lead Bank started using Solana for USDC settlements in December 2025. They wanted faster funds movement and seven-day availability. Other partners might shift to new chains after seeing those results.
The next quarterly update arrives in July when Visa publishes fresh figures.
