Visa adds Monad as a stablecoin settlement option

Visa added the Monad blockchain as a stablecoin settlement option on Nov. 10, giving participating card issuers and acquirers another way to settle obligations with Visa. The Monad Foundation announcement says the option is available now.

• $25 billion: Visa’s reported annualized stablecoin settlement run rate as of September 2026.
• Roughly 10 times: the reported year-over-year increase in that run rate.
• More than 225: stablecoin-linked card programs live globally, according to the announcement.
• Five business days: the traditional banking schedule for card settlement cited by the Foundation.

The $25 billion figure covers Visa’s overall stablecoin settlement activity. The announcement does not say how much, if any, has settled through Monad.

What can Visa’s partners do on Monad?

Participating issuers and acquirers can settle what they owe Visa in stablecoins on the network, according to the Foundation. Issuers provide cards; acquirers process card payments for merchants. This is a back-end settlement option, while the announcement says the Visa experience for merchants and cardholders remains familiar.

Settlement is the movement of funds between payment institutions after a card purchase. Blockchain settlement can keep moving across weekends and holidays, rather than waiting for banking rails to reopen. The Foundation says the change can also reduce the work involved in converting between stablecoins and regular money.

Monad is compatible with the Ethereum Virtual Machine, or EVM, the software environment used by Ethereum applications. The Foundation says institutions already using Ethereum-based custody, wallet and compliance tools can typically extend those integrations to Monad instead of building new ones. It also says the network has 800-millisecond finality, meaning transactions are confirmed in under a second.

Which stablecoins and institutions are included?

The announcement does not name the stablecoins that can be used for settlement on Monad, or the issuers and acquirers that will use it. Visa had not issued its own announcement when Unchained reported the addition on Nov. 10, citing the Foundation’s release.

That leaves the scope of actual use unclear. Visa’s reported run rate and card-program count give context for its broader stablecoin activity, but neither figure measures activity on Monad. No Monad-specific settlement volume was reported.

When will Monad’s privacy feature be ready?

Monad’s Private Settlement feature is still in development, with the Foundation saying it is expected in the coming months. It is designed to let institutions keep commercially sensitive settlement details confidential while sharing them with auditors or regulators when needed.

The Foundation says the feature will run on the network and remain connected to the same liquidity as other activity there. The announcement does not give a launch date. For now, the confirmed change is the addition of Monad as a settlement choice; the privacy tools are still to come.

Sources and documents

• Monad Foundation announcement — globenewswire.com
• Unchained reported the addition — unchainedcrypto.com