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<p>Visa has surpassed $25 billion in annualized stablecoin settlement volume, a tenfold increase from a year ago, as the global payments company expands its blockchain operations across 10 networks and five international regions.</p>
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   <li>Visa’s annualized stablecoin settlement volume surpassed $25 billion, growing tenfold over the previous year.</li>
   <li>Visa now supports five stablecoins across 10 blockchains, with settlement operations in all five regions.</li>
   <li>Stablecoin-linked card programs exceeded 225, with transaction volume growing more than 150% year over year.</li>
   <li>Visa Direct launched commercial USDC prefunding with Inyo Global as its first live partner.</li>
   <li>Visa’s stablecoin platform operates in six markets, with more than 300 prospective partners in its pipeline.</li>
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<p>According to Visa CEO Ryan McInerney, who disclosed the figures during the company’s October 27 fiscal fourth-quarter earnings call, the payment network now supports five stablecoins for settlement. The company has expanded its stablecoin-linked card business to more than 225 programs, serving approximately 5 million cards across more than 50 countries.</p>
<p>The $25 billion figure represents Visa’s annualized settlement run rate, calculated from its current pace of activity, not the total amount processed throughout fiscal 2026. The company reported the growth alongside new commercial stablecoin services and record annual revenue of approximately $46 billion.</p>
<h2 class="wp-block-heading" id="strong-visa-stablecoin-settlement-reaches-10-blockchains-strong"><strong>Visa stablecoin settlement reaches 10 blockchains</strong></h2>
<p>During the earnings call, McInerney <a href="https://www.fool.com/earnings/call-transcripts/2026/10/28/visa-v-q4-2026-earnings-call-transcript/" rel="noopener noreferrer nofollow">said</a> Visa’s settlement operations now cover 10 blockchains, more than twice the number supported a year ago. The company has established settlement operations across all five of its geographic regions, serving institutions with different payment and treasury requirements.</p>
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   <p>It’s an exciting time for Visa’s stablecoin business. Visa CEO Ryan McInerney shared some updates on our strategy and traction on yesterday’s earnings call. <a href="https://t.co/vWVYjKH8yx" rel="noopener noreferrer nofollow">pic.twitter.com/vWVYjKH8yx</a></p>— Cuy Sheffield (@cuysheffield) <a href="https://x.com/cuysheffield/status/2115460421587279983?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 28, 2026</a>
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<p>Visa’s supported settlement assets include USDC, USDG, EURC, PayPal USD (PYUSD) and SBC, the dollar-backed stablecoin issued by Brale. McInerney said the company intends to remain flexible about which blockchains and stablecoins clients use, allowing financial institutions to select assets according to their operating requirements.</p>
<p>The latest figure follows a period of rapid growth in Visa’s stablecoin operations. In September, the company reported an annualized settlement rate above $20 billion, compared with approximately $7 billion during an earlier stage of its blockchain expansion.</p>
<p>You might also like: <a href="https://crypto.news/visa-partners-with-mesh-to-enable-crypto-payments-at-175-million-merchants/" rel="noopener noreferrer nofollow"> Visa partners with Mesh to enable crypto payments at 175 million merchants </a></p>
<p>Visa has continued working with financial institutions on blockchain-based settlement. In September, Lloyds Corporate Markets Jersey completed a <a href="https://crypto.news/lloyds-uses-usdc-to-settle-750000-with-visa-in-under-an-hour/" rel="noopener noreferrer nofollow">USDC settlement transaction</a> worth $750,000, using exchange infrastructure from Archax to transfer funds to Visa within an hour.</p>
<p>The transaction demonstrated settlement outside conventional banking hours, including weekends, as the companies examined how stablecoins could support payments between financial institutions.</p>
<h2 class="wp-block-heading" id="strong-stablecoin-linked-visa-cards-surpass-225-programs-strong"><strong>Stablecoin-linked Visa cards surpass 225 programs</strong></h2>
<p>Alongside settlement growth, Visa’s stablecoin-linked card programs have climbed more than 70% year over year to over 225, according to McInerney. Transaction volume across these programs grew more than 150% during the same period, with issuers including cryptocurrency exchanges, neobanks, digital wallets and remittance companies.</p>
<p>The network had <a href="https://crypto.news/visa-expands-stablecoin-card-network-to-160-programs/" rel="noopener noreferrer nofollow">reached 160 programs</a> in September, when Visa reported that associated payment volume was growing nearly 200% annually. Its latest figures show further growth in the number of programs available through participating issuers.</p>
<p>Stablecoin-linked cards allow eligible customers to spend balances associated with digital assets through Visa’s existing merchant network. Depending on the issuing arrangement, a provider converts stablecoin holdings into the currency required for ordinary card purchases.</p>
<p>Business payments account for a growing portion of that activity. In an <a href="https://investor.visa.com/news/news-details/2026/Visa-Data-Shows-Stablecoins-Gaining-Traction-in-Business-Payments/default.aspx" rel="noopener noreferrer nofollow">October 1 research update</a>, Visa reported that commercial and business cards generated approximately 17% of stablecoin-linked card volume during fiscal 2026 year to date.</p>
<p>The company identified supplier payments, corporate spending and treasury management among the commercial applications attracting interest from its customers.</p>
<h2 class="wp-block-heading" id="strong-visa-direct-moves-stablecoin-payments-into-production-strong"><strong>Visa Direct moves stablecoin payments into production</strong></h2>
<p>Visa’s earnings update confirmed that stablecoin prefunding through Visa Direct has moved from pilot operations into commercial production. U.S.-based payments infrastructure provider Inyo Global became the first live partner under the service.</p>
<p>As crypto.news <a href="https://crypto.news/visa-launches-24-7-usdc-funding-for-global-payments/" rel="noopener noreferrer nofollow">reported in October</a>, the product allows participating businesses to fund international payment obligations using USDC, supporting transfers outside traditional bank operating hours.</p>
<p>Visa initially introduced the commercial service with USDC but intends to accommodate other stablecoins. McInerney said the company plans to support additional assets as the program develops, including Open USD (OUSD), which launched on September 30.</p>
<p>Open USD’s circulating supply had surpassed $800 million by October 15, according to the earnings presentation. Visa plans to integrate the token into settlement and Visa Direct products through its involvement with the Open Standard consortium.</p>
<p>Its Visa Stablecoin Platform is now available in the United States, Mexico, Puerto Rico, Colombia, Switzerland and the United Kingdom. McInerney reported a pipeline of more than 300 prospective partners for the service.</p>
<p>Visa’s blockchain work includes validator participation in Tempo and Canton, alongside an invitation to join Circle’s Arc founding validator group. The company recorded more than 60 stablecoin consulting engagements during fiscal 2026, with nearly half taking place in the fourth quarter.</p>
<p>Read more: <a href="https://crypto.news/sony-launches-soneium-incubation-program-for-creators/" rel="noopener noreferrer nofollow"> Sony launches Soneium incubation program for creators </a></p>

Visa sees 10x stablecoin settlement growth, adds over 225 card programs

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