Visa sees 10x stablecoin settlement growth, adds over 225 card programs

Visa has surpassed $25 billion in annualized stablecoin settlement volume, a tenfold increase from a year ago, as the global payments company expands its blockchain operations across 10 networks and five international regions. Summary Visa’s annualized stablecoin settlement volume surpassed $25 billion, growing tenfold over the previous year. Visa now supports five stablecoins across 10 blockchains, with settlement operations in all five regions. Stablecoin-linked card programs exceeded 225, with transaction volume growing more than 150% year over year. Visa Direct launched commercial USDC prefunding with Inyo Global as its first live partner. Visa’s stablecoin platform operates in six markets, with more than 300 prospective partners in its pipeline. According to Visa CEO Ryan McInerney, who disclosed the figures during the company’s October 27 fiscal fourth-quarter earnings call, the payment network now supports five stablecoins for settlement. The company has expanded its stablecoin-linked card business to more than 225 programs, serving approximately 5 million cards across more than 50 countries. The $25 billion figure represents Visa’s annualized settlement run rate, calculated...