Visa Adds Monad to Stablecoin Settlement Network as Volume…
By Tobi Opeyemi Amure
AI summary of the source article
Visa has added the Monad blockchain to its stablecoin settlement program, allowing participating issuers and acquirers to settle over the network. The move comes as Visa's annualized stablecoin settlement run rate reached $20 billion.
Why it matters
According to Visa, "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."
Key facts
- Visa added the Monad blockchain to its stablecoin settlement program alongside networks like Ethereum, Solana, and Avalanche.
- Visa's annualized stablecoin settlement run rate reached $20 billion, with over 225 stablecoin-linked card programs active globally.
- Monad is developing an institutional feature called Private Settlement to enable confidential transactions without slowing settlement.
Source excerpt · FinanceFeeds
Visa has added the Monad blockchain to its stablecoin settlement program, letting participating issuers and acquirers settle over the network, according to The Block . The move gives Visa another settlement venue as the program’s annualized run rate reaches $20 billion, and it comes as Monad prepares confidential settlement tools for institutions. Monad joins Avalanche, Ethereum, Solana, Stellar,…