By Visa’s stablecoin settlement volume has surpassed an annualized run rate of $25 billion, representing approximately tenfold growth from a year earlier, according to figures disclosed during the company’s fiscal fourth-quarter earnings call on October 27, 2026.
Chief executive Ryan McInerney said Visa now supports stablecoin settlement across 10 blockchain networks, more than double the number supported a year earlier, with operations spanning all five of its geographical regions.
The milestone reflects growing adoption of blockchain-based settlement among financial institutions, cryptocurrency exchanges, neobanks and payment providers. However, the $25 billion figure represents an annualized pace calculated from recent activity, not the amount actually settled during the fiscal year.
Visa’s stablecoin settlement run rate stood at approximately $2.5 billion in October 2025, reached $7 billion in April 2026 and exceeded $20 billion by September. The latest increase illustrates the rapid expansion of a business that remains relatively small compared with Visa’s traditional payment operations.
Stablecoin Settlement Expands Across 10 Blockchains
Visa’s stablecoin settlement infrastructure allows participating financial institutions to settle obligations using blockchain-based tokens instead of relying exclusively on conventional banking transfers. The system supports settlement outside traditional banking hours, including weekends and holidays.
During its April earnings call, Visa said its network had settled almost $13 trillion between financial institution partners during the preceding year, overwhelmingly through fiat currencies. Against that scale, the $25 billion annualized stablecoin run rate remains a small fraction of its established settlement business.
Nevertheless, the company has accelerated its blockchain expansion. Visa now supports five stablecoins for settlement, including USDC, USDG, EURC, PYUSD and SBC, across 10 blockchain networks.
It has also joined infrastructure initiatives involving Circle’s Arc, Tempo and Canton networks. McInerney said Visa’s strategy is to remain flexible across stablecoin issuers and blockchains rather than depend on a single network.
The company also reported that its stablecoin advisory business completed more than 60 client engagements during fiscal 2026, with nearly half occurring in the fourth quarter. The advisory practice was its fastest-growing consulting segment during the year.
Stablecoin-Linked Cards and Cross-Border Payments Drive Adoption
Visa reported more than 225 stablecoin-linked card programs worldwide, an increase exceeding 70% year over year. Payment volume associated with those programs grew more than 150%, spanning approximately five million cards across more than 50 countries.
The programs involve cryptocurrency exchanges, digital wallets, neobanks and remittance providers seeking to connect stablecoin balances with conventional merchant payments. However, card spending and stablecoin settlement are separate measurements and should not be combined when assessing adoption.
Visa also announced that its Visa Direct stablecoin prefunding service had progressed from pilot testing to commercial production. US payments infrastructure provider Inyo Global became its first live partner, enabling stablecoins to support funding for cross-border money movement.
Separately, Visa’s stablecoin platform is available in the United States, Mexico, Puerto Rico, Colombia, Switzerland and the United Kingdom. The company said its prospective partner pipeline exceeds 300 organizations. Visa’s expanding stablecoin operations come as US regulators implement the GENIUS Act, establishing federal requirements for payment stablecoin issuers.
The legislation provides a framework covering reserves, redemption obligations and supervisory oversight, potentially reducing uncertainty for financial institutions considering stablecoin adoption. However, implementation remains ongoing, and regulatory requirements differ across jurisdictions.
For Visa, the commercial opportunity lies in integrating blockchain settlement with its existing payment network rather than replacing traditional card transactions. The latest figures indicate substantial growth in institutional experimentation and deployment, although stablecoin settlement remains a small component of Visa’s overall business.
Future disclosures will determine whether the current annualized growth translates into sustained transaction volumes and material financial contributions.