Visa adds Polygon to its global stablecoin settlement program

Visa has added the Polygon network to its stablecoin settlement system, expanding its move into multi-chain blockchain payments. The company now allows issuers and acquirers to settle stablecoin transactions directly on the blockchain. As a result, Visa is shifting more of its settlement activity toward blockchain-based systems as payment networks evolve.

As per the announcement, Polygon is a key option for faster and lower-cost transactions. Partners can now use Polygon’s Open Money Stack, which connects wallets, liquidity systems, and cross-chain tools. This setup is designed to help institutions operate across different blockchain networks while still settling through a single coordinated system.

Multi-Chain Payments Strategy Expands

Visa described its Open Money Stack as a system that links enterprise wallets, fiat on and off-ramps, and cross-chain orchestration tools. The setup includes Polygon CDK for compliant blockchain deployment and AggLayer for shared liquidity across networks.

The payment company also added Arc, Base, Canton, and Tempo to its stablecoin settlement pilot alongside Polygon.

Rubail Birwadker, Visa’s global head of growth products, said, “Our partners are building in a multi-chain world, and they expect their options to reflect that reality.” He added that Visa now provides a common settlement layer across multiple blockchain networks.

Visa now supports nine blockchains, including Ethereum, Solana, Avalanche, and Stellar. The expansion reflects rising demand for flexible settlement across fragmented blockchain systems.

Stablecoin Growth Drives Institutional Adoption

Visa said its stablecoin settlement program reached a $7 billion annual run rate, up 50% in three months. The increase shows more financial institutions are now using blockchain-based payment systems.

Visa is also expanding pilot programs across Europe, Asia, and Latin America. It has partnered with on-chain banking firm WeFi to test stablecoin payments for everyday use. Users still hold control of their digital assets while spending through Visa’s network.

Data from the industry shows Bitcoin and stablecoins now move trillions of dollars each year. Bitcoin reached as much as $25 trillion in 2025 estimates, while Visa processed $16.7 trillion in payments. However, analysts note blockchain figures include all transfers, not just retail transactions.

Related: Hong Kong Warns of Fake HSBC Tokens Ahead of Stablecoin Launch