Visa Adds Monad to Stablecoin Settlement Network
The payments giant now lists the Monad blockchain as a settlement option for participating issuers and acquirers in its stablecoin program.
Updated on Nov. 10, 2026 in Financial Services
Visa has added the Monad blockchain network as a stablecoin settlement option, allowing participating issuers and acquirers to settle transactions through it. The move extends a program that already supports multiple blockchains.
Why it matters
Stablecoin settlement is growing quickly within card payments, and adding networks gives issuers and acquirers more choice in how they move funds. Monad's planned privacy feature could matter to institutions that need confidentiality while still satisfying auditors and regulators.
Visa reported a $20 billion annualized stablecoin settlement run rate as of September 2026, up more than 15x year over year and spanning more than 225 stablecoin-linked card programs globally. The source does not break out how much of that volume runs on Monad.
The players
Visa
Visa is a global payments network that processes card transactions between issuers, acquirers, and merchants, and has been expanding stablecoin settlement across multiple blockchains.
Monad Foundation
The Monad Foundation supports development of the Monad blockchain, which is building a native privacy feature called Private Settlement.
Brale
Brale is a stablecoin issuer that partnered with Visa on a June proof of concept testing settlement using the SBC token on Canton.
The details
Visa already supports stablecoin settlement on Avalanche, Ethereum, Solana, Stellar, Circle's Arc, Base, Canton, and Polygon, and added Monad to that list. Monad is building a privacy feature into the network so private transactions use the same liquidity as other transactions, letting institutions keep sensitive details confidential while sharing them with auditors or regulators when needed.
Timeline
April 2026: Visa announced support for Canton, Base, Polygon, Circle's Arc, and Tempo.
June 2026: Visa announced a proof of concept with stablecoin issuer Brale to test settlement using the SBC token on Canton.
September 2026: Visa reported its stablecoin settlement run rate reached $20 billion.
November 10, 2026: Visa added Monad as a stablecoin settlement option.
Coming months: Monad's Private Settlement feature is expected to launch.
Market Landscape
Visa's stablecoin program has grown from a handful of chains into a multi-network system, with Monad now joining Avalanche, Ethereum, Solana, Stellar, Circle's Arc, Base, Canton, and Polygon. The addition shows card networks widening their blockchain options rather than committing to a single chain.
For consumers, stablecoin settlement happens behind the scenes, so the change is unlikely to alter card use directly. For businesses and card issuers, expanded blockchain options give more choice in how settlement timing and costs are structured compared with traditional settlement, which typically runs over five business days.
The takeaway
Card networks are treating stablecoins as a serious settlement rail, and the spread of supported chains suggests issuers will increasingly pick networks based on features like privacy and speed. Watching how Monad's Private Settlement performs once live will show whether confidential on-chain settlement becomes a standard requirement.
What happens next
Monad's Private Settlement feature is expected to launch in the coming months, at which point institutions may begin testing confidential settlement on the network.
Further reading
For broader context on how digital assets are reshaping payments, explore Financial Services.
