Visa’s annualized stablecoin settlement volume has surpassed USD 25 billion—marking a tenfold increase compared to the previous year—as the payment giant broadens its operations across 10 blockchains and five regions. Chief Executive Ryan McInerney disclosed these figures during the October 27 fiscal fourth-quarter earnings call. Currently, Visa supports five settlement stablecoins alongside more than 225 linked card programs that encompass roughly 5 million cards across over 50 countries.
This USD 25 billion metric reflects Visa’s present settlement rate projected across an entire year, rather than the total volume finalized throughout fiscal 2026. Additionally, Visa posted approximately $46 billion in annual revenue as its blockchain division expanded in tandem with its traditional payment operations.
Visa Expands Stablecoin Settlement Across 10 Blockchains
McInerney stated that the firm has more than doubled its number of supported blockchains over the past year. Stablecoin settlement functions are now active across all five geographic regions, enabling financial institutions to utilize frameworks tailored to their specific payment and treasury needs.
Supported digital assets comprise USDC, USDG, EURC, PayPal USD (PYUSD), and SBC, which is a dollar-pegged token issued by Brale. Rather than forcing clients into a single settlement choice, Visa aims to accommodate a variety of networks and tokens.
In September, Visa noted an annualized stablecoin settlement rate exceeding USD 20 billion, up from an earlier milestone near USD 7 billion. The newly reported USD 25 billion pace represents the continuation of this upward trend.
A transaction in September illustrated how traditional banks can leverage the offering. Lloyds Corporate Markets Jersey utilized Archax’s exchange infrastructure to settle USD 750,000 in USDC with Visa. The transfer was completed in under an hour, highlighting the capability to settle funds outside of standard banking hours, including weekends.
Stablecoin-Linked Card Programs Reach More Than 225
The tally for stablecoin-linked card programs climbed past 225, representing a year-over-year surge of over 70%. According to McInerney, transaction volumes channeled through these programs grew by more than 150% over the same timeframe.
Back in September, the company had logged 160 programs while associated payment volumes were increasing at an annual rate of nearly 200%. The current program count encompasses a broad ecosystem of digital wallets, crypto exchanges, remittance providers, and neobanks.
Qualified cardholders are able to utilize stablecoin-backed balances to purchase goods from merchants integrated with Visa. Depending on the issuer’s specific setup, a service provider converts those balances into the requisite fiat currency to finalize the card transaction.
Commercial applications are now adding to this volume. On October 1, Visa reported that business and commercial cards accounted for roughly 17% of stablecoin-linked card volume during fiscal 2026, pointing to supplier payments, corporate spending, and treasury services as key drivers of client demand.
Read More: Lloyds, Visa Settle USD 750,000 in Stablecoins Across Borders in an Hour
Visa Direct Starts Commercial Stablecoin Prefunding
To what extent has Visa transitioned its stablecoin offerings into live production? The stablecoin prefunding feature within Visa Direct has graduated from pilot trials to commercial availability, with U.S.-based Inyo Global serving as its inaugural live partner.
Unlike card initiatives that link consumer balances directly to merchant transactions, Visa Direct prefunding is designed to assist enterprises managing international payment liabilities. The initial commercial rollout relies on USDC rather than other compatible settlement tokens.
This capability allows eligible corporations to utilize USDC for cross-border payment commitments outside normal banking hours. Visa intends to introduce further assets, pointing to Open USD (OUSD) among the tokens slated for future integration.
OUSD debuted on September 30 and achieved a circulating supply exceeding USD 800 million by October 15, as highlighted in the earnings presentation. Through its participation in the Open Standard consortium, Visa plans to incorporate the token into both its settlement workflows and Visa Direct offerings.
On a related note, the Visa Stablecoin Platform is currently accessible in the United States, Puerto Rico, Mexico, Colombia, Switzerland, and the United Kingdom. McInerney outlined an active pipeline consisting of more than 300 prospective partners.
Furthermore, Visa acts as a validator on Canton and Tempo, and received an invitation to join Circle’s Arc founding validator cohort. Throughout fiscal 2026, the company executed over 60 stablecoin consulting engagements, with nearly half occurring in the fourth quarter.
Conclusion
Visa’s annualized stablecoin settlement velocity has crossed USD 25 billion alongside a network footprint spanning 10 blockchains and five regions. More than 225 card initiatives now support approximately 5 million cards, while Visa Direct has commenced commercial operations alongside Inyo Global as Visa prepares for expanded stablecoin integration.
