Visa, in its attempt to scale its stablecoin infrastructure, added support for five new blockchains on Wednesday. Its stablecoin settlement pilot, that was launched in 2023, now supports Polygon, Base, Arc, Tempo, and Canton as part of its upgrade. The move comes after this initiative by Visa clocked a 50 percent growth since the last quarter hitting a whopping $7 billion in annualized stablecoin settlement run rate.
Stablecoins are digital assets backed in 1:1 ratio by reserved assets like fgold and fiat currencies. Tether and USDC are the top two stablecoins by market cap, both pegged against the U.S. dollar.
Batting for stablecoins as an advanced mode of payments, Visa said, that these digital currencies are rapidly evolving as a practical and more cost-efficient way to move funds internationally especially now that major economies like the U.S. and the E.U. have regulated the assets.
“Visa is building toward a future where interoperability is essential. Supporting multiple blockchains gives partners more choice in how they access liquidity across ecosystems and adapt as the landscape changes,” the cards giant noted.
With this, Visa’s stablecoin settlement pilot now supports nine blockchains. Before this, it was also supporting Avalanche, Ethereum, Solana, and Stellar.
Jesse Pollak, the founder of Coinbase’s Base blockchain said that Visa’s step will play a cricual role in democratizing stablecoin payments via its expansive and highly trusted network.
“Visa’s expansion is a pivotal step in making stablecoin payments a daily reality for billions of people, enabling a faster, cheaper, and more useful financial system for everyone” said Pollak.
A similar sentiment was projected by leaders of the other newsly included blockchain networks as well.
Canton Network’s co-founder Eric Saraniecki added that, “Visa’s stablecoin settlement platform provides a bridge that lets them explore onchain settlement while staying aligned with their compliance requirements.”
Visa’s stablecoin exploration is pushing these tokens into adoption by merchants across 200 countries, allowing them to convert these tokens into 25 fiat currencies.
The company, last year, had also announced the Visa Direct payments platform to test how stablecoins could revamp international transactions for fintech firms, banks, and corporations.
In the second quarter of 2025, Visa’s stablecoin settlement activity had clocked $200 million to its revenue of $10.7 billion at the time.