Visa's stablecoin settlement pilot has expanded to support nine blockchain networks and reached a $7 billion annualized transaction rate. The payments giant now includes Base, Polygon, Canton Network, Arc, and Tempo among its supported platforms.
The expansion reflects growing adoption of stablecoins for cross-border payments and settlement. Visa added support for networks from major players: Coinbase's Base, Polygon, the Canton Network, Circle's Arc, and Stripe's Tempo.
The pilot demonstrates stablecoins' increasing role in institutional money movement. By supporting multiple blockchain networks, Visa enables faster, cheaper settlement compared to traditional banking infrastructure.
The $7 billion annualized run rate signals meaningful transaction volume flowing through the pilot program. Stablecoins have gained traction among financial institutions seeking efficient alternatives to wire transfers and correspondent banking systems.
Visa's multi-network approach allows clients flexibility in choosing their preferred blockchain while maintaining compatibility with the payment giant's infrastructure. The expansion suggests confidence in stablecoin technology as a viable settlement tool for enterprise transactions.
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