Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Visa Extends Stablecoin Settlement to Four Blockchains
Stablecoins | Nov 4, 2025
Visa Adds Multi-chain Stablecoin Support Across Four Blockchains and 25 Fiat Currencies
On October 28, 2025, Visa CEO Ryan McInerney told investors in a Visa Q4 earnings call (22 page PDF) that the company is adding support for four stablecoins operating on four distinct blockchains across two currencies, with conversion to more than 25 fiat currencies. He said Visa’s stablecoin-linked card spend has quadrupled over the past year, with monthly settlement volumes reaching an annualized $2.5 billion. So now we can all expect to have access to embedded digital currency settlement directly into its global treasury and FX systems.
See: Stablecoin Payments Have Wings – Are You Ready?
Visa’s public Onchain Analytics Dashboard reports more than US $9.6 trillion in adjusted transaction volume, over 10 billion transactions, and an average stablecoin supply above US $221 billion across Ethereum, Solana, Polygon, and Avalanche. The numbers confirm that fiat-backed stablecoins are already a growing part of daily global payments.
Based on Visa’s earlier pilot programs using USDC on Ethereum and Solana, it is reasonable to expect these networks to be among the four blockchains involved, though earnings call transcript doesn't name specific stablecoins or chains.
From Pilot to Platform
Visa’s expansion is a transition from testing digital currency settlement to making it part of its core infrastructure. The company is linking stablecoins to its global treasury and FX networks, allowing conversion between digital assets and traditional currencies without adding new intermediaries. So stablecoins will become programmable tools for cross-border settlement and liquidity management.
See: Amazon and Walmart Exploring Merchant-Led Stablecoins
Ryan McInerney, Visa CEO:
“We are adding support for four stablecoins, running on four unique blockchains, representing two currencies, that we can accept and convert to over 25 traditional fiat currencies. Our digital currency work builds on our core competencies — connecting buyers and sellers, securing payments, and enabling interoperability across currencies and networks.”
Fintechs and financial institutions should take notice because Visa is not just planning to accept stablecoins as a form of payment, it's building a bridge between regulated banking infrastructure and onchain finance. Visa’s integration also provides a compliance template that shows how large-scale financial networks can handle digital assets safely within existing frameworks.
Cross-border Growth and Enterprise Adoption
Visa’s financial results strengthen the case why stablecoin settlement is strategically important. According to Visa’s investor materials, cross-border payment volume grew 10% year over year in Q4 2025, driven by travel and international eCommerce. Total revenue reached US $9.2 billion, up 9%, with payment volume increasing 8% on a constant-dollar basis.
Stablecoins fit naturally into this picture. They can move value instantly across borders, reducing settlement friction and costs for businesses that operate in multiple currencies. For enterprises, corporates, and fintechs, Visa’s model offers a regulated approach to use stablecoins for treasury, payroll, and remittances at scale.
See: Ripple Acquires Rail for $200M to Boost Stablecoin Payments
Visa’s partnerships with digital wallets, neobanks, and blockchain platforms extend its reach into Web3 commerce while maintaining the dispute resolution and identity safeguards that make card networks trusted globally.
McInerney emphasized continued collaboration with policymakers and central banks to ensure that new payment models meet regulatory expectations while delivering tangible economic benefits.
Outlook
For Canada, Visa's approach of blending real world payments with programmable finance is a framework offering lessons on how to connect open banking, digital money regulation, and cross-border innovation at scale and under clear governance.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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