Visa adds Monad to its stablecoin settlement network

Visa has added the Monad blockchain to its stablecoin settlement program, letting participating issuers and acquirers settle transactions over the network alongside existing supported chains including Avalanche, Ethereum, Solana, Stellar, Circle's Arc, Base, Canton, Polygon and Tempo. Visa said its stablecoin settlement annualized run rate reached $20 billion as of September 2026, up more than 15-fold year over year, with over 225 stablecoin-related card programs live globally. The move matters because it extends Visa's multi-chain settlement strategy to a newer network and gives institutional partners another option for on-chain settlement. Monad's foundation said it is developing a privacy feature called Private Settlement for institutions, expected in the coming months, which would keep sensitive transaction details confidential while allowing disclosure to auditors or regulators when needed. What to watch next is the rollout of Private Settlement and whether more issuers and acquirers begin routing settlement volume through Monad.