News · Web3
Visa adds Monad to its stablecoin settlement program
Card issuers and acquirers in Visa's stablecoin settlement program can now settle their Visa obligations in stablecoins on Monad, an EVM Layer 1. Visa's settlement run rate has passed US$25 billion, and Monad's Private Settlement privacy layer is due in the coming months.
Visa has added Monad, a high-performance EVM-compatible Layer 1 blockchain, to its stablecoin settlement program. Participating issuers and acquirers can now settle their Visa obligations in stablecoins on the network, the Monad Foundation announced on 10 November (US time)[1].
"Adding support for Monad expands the options available to our partners and is another step toward building a multi-chain settlement infrastructure for stablecoin-enabled payments," said Dan Roesbery, Visa's vice president of global onchain partnerships and go-to-market[1].
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Settlement that runs on weekends
Card settlement has traditionally followed a five-business-day schedule over banking rails. Onchain settlement lets funds move across weekends and holidays, and the foundation says Monad's sub-second finality means transactions settle moments after submission[1]. Because Monad is fully EVM-compatible, issuers and acquirers already using Ethereum custody, wallet and compliance tooling can usually extend those integrations rather than build new ones[1].
Monad joins Avalanche, Ethereum, Solana, Stellar, Circle's Arc, Base, Canton, Polygon and Tempo in the program[2]. The release does not say which stablecoins will settle on Monad or name any participating issuers or acquirers, and Visa had not published its own announcement at the time of Unchained's report[3].
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A US$25 billion run rate
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Privacy comes later
For banks, confidentiality is often the barrier to settling onchain. Monad is building Private Settlement, which will let institutions keep sensitive details private while sharing them with auditors and regulators, and keep that private activity connected to the network's shared liquidity[1]. The feature is not live yet and is expected in the coming months[2].
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Why it matters
Visa is treating blockchains as interchangeable settlement rails and adding them one by one. For newer chains like Monad, a slot in Visa's program is a credibility marker with institutions, but the real test will be which issuers actually settle there and whether privacy features arrive in time to win over banks.
FAQ
Frequently asked questions.
01What did Visa and Monad announce?
Visa has added the Monad network as a stablecoin settlement option, so participating card issuers and acquirers can settle what they owe Visa in stablecoins on Monad instead of only over banking rails.
02Why does stablecoin settlement matter for card payments?
Card settlement has traditionally run on a five-business-day banking schedule. Settling onchain lets funds move on weekends and holidays, and Monad's sub-second finality gives acquirers more predictable settlement cycles.
03How big is Visa's stablecoin settlement program?
As of September 2026 Visa reported an annualised stablecoin settlement run rate of US$25 billion, up roughly 10x year on year, with more than 225 stablecoin-linked card programs live. That figure is network-wide, not Monad volume.
04Which other blockchains does Visa support?
Avalanche, Ethereum, Solana, Stellar, Circle's Arc, Base, Canton, Polygon and Tempo were already in the program. Monad joins that list.
05What is Monad's Private Settlement?
A privacy feature being built into Monad that lets institutions keep commercially sensitive settlement details confidential while still sharing them with auditors and regulators. It is not live yet and is due in the coming months.
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