Overview
- Visa disclosed Wednesday, April 29, that it added five blockchains to its pilot, lifting support to nine and raising the annualized run rate to $7 billion, up 50% from last quarter.
- The new networks are Arc, Base, Canton, Polygon and Tempo, chosen for features like low fees, high throughput or privacy for regulated institutions.
- The pilot lets issuers and acquirers settle with dollar-pegged tokens such as USDC for near real-time cross-border payments instead of bank transfers.
- Visa now holds operational roles on some networks, serving as a design partner for Arc and a validator on Tempo and Canton.
- The expansion builds on regional rollouts and more than 130 stablecoin-linked card programs in over 50 countries that connect digital asset balances to everyday spending.