Visa’s Stablecoin Pilot Expands to 9 Blockchains, Hits $7B Run Rate

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Visa Expands Stablecoin Pilot To 9 Blockchains As Usage Hits $7B Run Rate

Visa is growing its test program for stablecoins, now including support for Arc, Polygon, and three additional blockchains. This allows Visa to explore digital currency payments on more platforms.

Visa Has Added Five New Blockchains To Its Stablecoin Pilot

I’m excited to share that our research into stablecoin settlements is expanding! Visa has broadened its pilot program to include five additional blockchains. This means we’re now able to test settling payments using stablecoins, offering an alternative to the traditional banking system for issuers and acquirers.

Stablecoins are digital currencies designed to maintain a stable value by being linked to traditional currencies like the US dollar. Because they operate on blockchain technology, they offer benefits such as low-cost and quick transactions. This has made them increasingly popular for payments, especially for international transfers, and has caught the attention of major companies like Visa.

The card payment firm noted:

Stablecoins have quickly become a reliable method for sending money internationally, and Visa’s testing programs are assisting businesses in making their processes more efficient.

Cryptocurrencies linked to traditional money are now supported on several different blockchains. Visa initially tested its system with four blockchains – Ethereum, Solana, Avalanche, and Stellar. Now, they’ve added Arc, Base, Canton, Polygon, and Tempo to the program, expanding its reach.

Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa, said:

By extending our stablecoin settlement testing to additional blockchains, we’re giving our partners more flexibility to use the networks they prefer, all while still benefiting from Visa’s consistent settlement services across those networks.

Visa announced progress with its stablecoin pilot program, reporting a 50% increase in transaction volume compared to last quarter, now reaching $7 billion annually. This move comes as stablecoins gain traction globally, particularly with the recent passage of the GENIUS Act in the U.S., which provides a more defined regulatory framework.

Even though the broader crypto market has been down recently, I’ve noticed something really interesting: stablecoins seem to be holding strong. In fact, according to DefiLlama, the total value of all these fiat-backed tokens actually hit a new record high back in mid-April. It’s good to see some parts of the crypto world doing well, even when others are struggling, and it shows these stablecoins are gaining real traction globally.

The stablecoin market has been gradually increasing in value since October, while Bitcoin’s value has dropped around 40% over the same time. Currently, the total value of stablecoins is approximately $319.8 billion, just $1.5 billion short of its all-time high.

Bitcoin Price

At the time of writing, Bitcoin is floating around $76,000, down 1.8% in the last seven days.

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2026-05-01 07:58