Visa Adds Monad to Stablecoin Settlement Network, Run Rate Reported at $25 Billion
Visa has added the Monad blockchain to its stablecoin settlement program, letting participating issuers and acquirers settle payments over the network. The move brings the program to ten supported chains, and Visa reports an annualized stablecoin settlement run rate of $25 billion as of October 2026.
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What Visa Announced
Visa has added the Monad blockchain to its stablecoin settlement program, allowing participating card issuers and acquirers to settle payments on the network. Crypto Briefing reports that Monad joins nine other supported chains: Avalanche, Ethereum, Solana, Stellar, Circle's Arc, Base, Canton, Polygon and Tempo. The Defiant, citing The Block, frames the addition around Visa's seven-day settlement model, which lets institutions move funds outside the traditional banking week.
Scale of the Program
Visa's stablecoin settlement program has grown quickly. When the company announced the April 2026 batch of chains, its annualized run rate was $7 billion, up 50% quarter over quarter. Crypto Briefing reports that by October 2026 that figure had reached $25 billion, which Visa described as a tenfold increase year over year. Visa's figures put the program across 10 blockchains in all five of its geographic regions, with five supported stablecoins and more than 225 stablecoin-linked card programs active in over 50 countries.
The two sources differ on the chain count and timeline. Crypto Briefing counts nine chains before Monad's addition and describes five of them, including Arc, Base, Canton, Polygon and Tempo, as added on April 29, 2026. The Defiant's coverage does not give a comparable count, so the discrepancy cannot be resolved from the material available. Neither source independently verifies the $25 billion run rate, which comes from Visa's own disclosures.
Why Monad and How Visa Positions Itself
Crypto Briefing reports that Monad appeared in Visa's on-chain analytics with nearly 1 million stablecoin transactions in August 2026, before the formal addition. Visa describes itself as both stablecoin agnostic and blockchain agnostic, and says it is not choosing a winning chain or dollar token. On some networks, including Tempo and Canton, Visa acts as a validator, meaning it helps operate the infrastructure rather than only using it.
Caveats
Crypto Briefing notes that settlement volumes remain small relative to Visa's fiat operations and that supporting many chains adds operational complexity. Stablecoin regulation and network reliability are also open questions. The Defiant adds that Mastercard announced a similar settlement expansion in June, indicating that competition among card networks in this area is active.
Why It Matters
For Traders
Stablecoin settlement growth on Visa's network may support demand for the stablecoins and chains involved, though the program's share of total flows remains small.
For Investors
Visa's expansion across ten chains signals sustained institutional interest in blockchain settlement, but competition from Mastercard suggests the category will be contested.
For Builders
Visa's inclusion of Monad as a settlement option is a credibility signal, and teams on supported chains should watch for integration requirements from issuers and acquirers.
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