Visa has expanded its stablecoin settlement pilot to nine blockchains, including Polygon, Base, Canton Network, Arc and Tempo, alongside previously supported networks such as Ethereum, Solana, Avalanche and Stellar. The programme has reached a US$7 billion annualized run rate, representing 50% quarter-on-quarter growth. The initiative, launched in 2023, allows financial institutions and fintechs to settle transactions using stablecoins, testing whether blockchain-based settlement can provide faster processing, 24/7 availability and greater cross-border efficiency. Visa has also expanded USDC settlement tied to card programmes in over 50 countries.
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