Visa Adds Monad as Its 10th Stablecoin Settlement Network

Visa adds Monad to nine settlement networks

Monad joins Avalanche, Ethereum, Solana, Stellar, Arc, Base, Canton, Polygon and Tempo. Visa added the last five in April, when it reported a $7 billion annualized settlement pace.

Visa Chief Executive Ryan McInerney told analysts on Oct. 27 that the company supported ten blockchains and that its settlement pace had exceeded $25 billion annually, ten times the year-earlier level. Tuesday’s announcement identified Monad as part of that expanded network lineup.

The figure extrapolates a recent rate of settlement across the program. It measures neither Visa revenue nor an amount settled over the full fiscal year. Visa also reported more than 225 stablecoin-linked card programs on the same call. That count tracks card offerings, a separate measure from the funds institutions move to settle obligations.

What changes for Visa issuers and acquirers

After a card purchase is authorized, institutions still need to transfer money to settle their obligations. Stablecoin settlement gives eligible firms another way to send those funds. It can also let them move money on weekends, when conventional banking schedules can delay a transfer.

Visa has reported a live example on other infrastructure. During a seven-day pilot with Lloyds Banking Group, Lloyds used USDC to settle $750,000 of payment obligations. The funds reached Visa in less than an hour, including over the weekend. The pilot tested settlement across private and public blockchain environments.

Visa’s U.S. launch in December 2025 also came with two named participants. Cross River Bank and Lead Bank had started settling in USDC over Solana, Visa said. The launch offered seven-day settlement for participating institutions and kept the consumer card experience the same.

For a treasury team, weekend availability can change when it has to hold funds and when it can send them. The timing of a blockchain transfer is only one part of that decision. An institution also needs to know which token it can use and how to fund and reconcile its payments on the chosen network.

The earlier deployments provide benchmarks for what an operational disclosure can show: named participants, the asset used and, in the Lloyds pilot, an amount settled. The Monad announcement established availability, with those usage details still outstanding.

Monad Private Settlement is still in development

Category Labs published its Private Settlement design on Oct. 6. It proposes areas of the network where institutions could keep transaction records confidential, set rules for which assets and participants are allowed, and grant auditors or regulators access to specific records.

The design addresses a concern for institutions that need to protect payment and counterparty information while retaining records for oversight. Visa has also announced a separate project with Brale on Canton to test confidential settlement. The Monad Foundation expects its feature in the coming months and gave no launch date.

Other stablecoin plans on Monad are moving on their own timelines. StraitsX said in October that it plans to issue its Singapore dollar and U.S. dollar tokens natively on Monad in early 2027. It has not identified either as a Visa settlement asset on the chain.

The broader Crypto Fear & Greed Index stood at 32 for Nov. 10, up from 29 the previous day and still in the Fear range.

The next disclosures to watch are the first issuer or acquirer to confirm settlement on Monad, the stablecoin it uses and any figures that show how much money has moved.