Visa adds Monad blockchain to stablecoin settlement program, run rate hits $25 billion

Monad, a Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM), has joined the networks available for banks and payment firms in Visa’s stablecoin settlement program. The Monad Foundation announced on Tuesday that participating financial institutions can now choose Monad to settle payments with Visa using stablecoins, expanding the program’s multi-chain settlement capabilities.

Visa Expands Stablecoin Settlement Network

Visa’s expanding blockchain infrastructure now allows transactions to be settled across a growing range of networks. The credit card giant reported earlier this year that its stablecoin settlement pilot included networks such as Avalanche, Ethereum, Solana, Stellar, Arc, Base, Canton, Polygon, and Tempo. By late October, Visa CEO Ryan McInerney said the company supported 10 blockchains for settlement, though neither Visa nor Monad Foundation confirmed if Monad is counted among those.

The program has also increased support for multiple stablecoins. On a recent earnings call, McInerney listed five stablecoins currently supported for settlement: USDC, USDG, EURC, PYUSD, and SBC. However, neither Visa nor Monad provided details on which stablecoins will specifically be used on Monad or disclosed the names of involved card issuers and acquirers.

Technical Advantages and Adoption Growth

Monad’s EVM compatibility allows card issuers and payment partners that already operate on Ethereum to leverage their existing custody, wallet, and compliance setups without significant adaptation. The foundation claims Monad can process 10,000 transactions per second, produce blocks every 400 milliseconds, and operates with over 200 validators. Finality is reportedly achieved within 800 milliseconds, enhancing the network’s appeal for high-volume settlement activities.

The foundation added that Monad concluded its token sale on Coinbase in November 2025, helping build its ecosystem and drawing attention to its scalable infrastructure.

Stablecoin Settlement Volumes Surge

Visa’s stablecoin program has witnessed rapid growth. According to figures from the Monad Foundation, which cite Visa’s own data, the annualized settlement run rate soared to $25 billion as of September 2026. This marks a tenfold increase year over year, supported by more than 225 active card programs. In April, Visa estimated a run rate of $7 billion, suggesting the program’s transaction volume roughly tripled in the five months that followed.

Dan Roesbery, Visa’s vice president of global onchain partnerships and go-to-market, stated that expanding the program to include Monad “expands the options available to our partners and is another step toward building a multi-chain settlement infrastructure for stablecoin-enabled payments.”

Focus on Privacy and Next Steps

The Monad Foundation has embedded a feature called Private Settlement into its network that is designed to shield commercially sensitive payment details from public view, while still making them accessible to auditors and regulators. According to the foundation, this privacy enhancement is scheduled to be introduced to Visa’s partners in the coming months, but it is not yet live.

Keone Hon, co-founder and general manager of the Monad Foundation, stated that the future of institutional stablecoin usage will depend on the ability to protect confidential transactional flows without forsaking open blockchain networks.

Hon emphasized that the next phase of blockchain payments will hinge on whether institutions can maintain confidentiality without moving away from open networks.

For industry participants aiming to monitor Visa’s growing stablecoin payment volumes and network expansions in real time, CryptoAppsy offers continuously updated charts and live news monitoring. Users can rely on these features to track Monad’s activity within Visa’s program and adjust their strategies as further networks and card programs join the settlement infrastructure.