Visa stablecoin settlement volume has surpassed $25 billion annualized. That is a tenfold increase from a year ago.
According to CEO Ryan McInerney, the payment network now supports five stablecoins. He disclosed the figures during the October 27 earnings call. Visa has also expanded to 10 blockchains and five regions.
Why Visa stablecoin settlement volume matters
The $25 billion figure is an annualized run rate. It is not the total processed in fiscal 2026. The company reported the growth alongside record annual revenue of about $46 billion.
Visa stablecoin settlement volume reaches 10 blockchains
McInerney said settlement now covers 10 blockchains. That is more than twice last year’s number. Visa has operations across all five geographic regions. Therefore, it serves institutions with different treasury needs.
Supported assets include USDC and USDG. EURC, PayPal USD, and SBC are also supported. McInerney said Visa will remain flexible. Clients can choose blockchains and stablecoins that fit their needs.
The latest figure follows rapid growth. In September, Visa reported above $20 billion annualized. That compares with about $7 billion earlier.
Visa has also worked with financial institutions. In September, Lloyds completed a $750,000 USDC settlement. The transaction used Archax infrastructure. Funds reached Visa within an hour. Consequently, it demonstrated settlement outside banking hours.
Stablecoin-linked Visa cards surpass 225 programs
Visa’s stablecoin-linked card programs grew more than 70% year over year. They now exceed 225 programs. Transaction volume grew more than 150% in the same period. Issuers include exchanges and neobanks. Digital wallets and remittance companies also participate.
The network had 160 programs in September. At that time, payment volume was growing nearly 200% annually. The latest figures show further growth.
These cards let eligible customers spend digital asset balances. They use Visa’s merchant network. Providers convert stablecoins into the required currency.
Business payments are growing. In an October 1 update, Visa reported that commercial cards generated about 17% of volume. That covers fiscal 2026 year to date. Applications include supplier payments and treasury management.
Visa Direct moves stablecoin payments into production
Visa Direct’s stablecoin prefunding has moved into commercial production. Inyo Global became the first live partner. The product lets businesses fund international payments using USDC. It supports transfers outside bank hours.
Visa initially used USDC but plans to add other stablecoins. McInerney said Open USD will be supported. Open USD launched on September 30. Its supply surpassed $800 million by October 15. Visa plans to integrate it through the Open Standard consortium.
The Visa Stablecoin Platform is now available in six markets. These include the US, Mexico, and the UK. McInerney reported a pipeline of over 300 partners.
Visa also participates in Tempo and Canton validators. It was invited to join Circle’s Arc founding validator group. The company recorded over 60 stablecoin consulting engagements in fiscal 2026.
Key takeaway
Visa stablecoin settlement volume hits $25 billion. The network supports five stablecoins across 10 blockchains. Therefore, Visa continues expanding its blockchain operations.