Visa expands stablecoin settlement pilot to nine blockchains with $7 billion run rate
Here's what it means for you.
Visa's expansion into stablecoin settlements signals a transformative shift in global payment systems.
What happened
Visa's stablecoin settlement pilot now supports nine blockchains and has reached a $7 billion annualized run rate.
The Context
- New blockchains added: The pilot includes Base, Polygon, Canton, Arc, and Tempo.
- Significant growth: The annualized settlement run rate increased by 50% from the previous quarter.
- Rising interest: This expansion indicates a growing demand for stablecoins in real-world payment solutions.
Takeaway
Visa's ongoing expansion in the stablecoin space suggests a strong future for blockchain-based payment solutions.
This article was generated by AI from 5 verified sources and reviewed by A47 editorial systems.
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Visa stablecoin pilot expands to nine blockchains as volume hits $7 billion
Visa has expanded its stablecoin settlement pilot to include nine blockchains, adding Base, Polygon, Canton, Arc, and Tempo, and achieving a $7 billion annualized settlement run rate, a 50% increase from the previous quarter.
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Visa says its stablecoin settlement pilot supports nine networks, including Base, Polygon, Canton Network, Arc, and Tempo, and has hit a $7B annualized run rate (Krisztian Sandor/CoinDesk)
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