Overview
- Visa confirmed Tuesday that it added the Monad blockchain to its stablecoin settlement program so participating issuers and acquirers can settle Visa obligations in supported stablecoins on Monad.
- The program now covers ten blockchains and is running at about a $25 billion annualized settlement pace with more than 225 stablecoin-linked card programs serving roughly 5 million cards across over 50 countries.
- Monad’s planned Private Settlement is a published design that would let institutions encrypt transaction details and restrict auditor or regulator access, but the foundation has not put that feature into production or given a rollout timetable.
- Visa has already shown the mechanics of blockchain settlement work for banks in practice, including a Lloyds pilot that moved $750,000 of USDC across jurisdictions to reach Visa in under an hour, including on a weekend.
- The expansion raises practical issues for issuers and banks because daily settlement creates a funding need that often requires revolving facilities secured against receivables and also sharpens regulatory, interoperability, and network‑reliability questions to watch next.