Visa Stablecoin Settlement Volume Surpasses $25 Billion Annually

Visa stablecoin settlement volume has already gone beyond $25 billion annually, showing ten times more compared to the figures from one year ago. The figure was mentioned by the firm’s CEO Ryan McInerney during the firm’s quarterly call on Tuesday.

Currently, Visa supports five different stablecoins across 10 blockchains, providing more choices to finance and payment organizations when transferring funds. The extension may raise the question of which stablecoins will be favored as Visa becomes stronger in the digital payments industry.

Visa Stablecoin Settlement Volume Grows Across Multiple Networks

The increase in the number of stablecoin settlements via the Visa payment platform is attributed to an increase in the use of cryptocurrencies in making payments. According to McInerney, the Visa network currently handles five stablecoins, namely USDC, USDG, EURC, PYUSD, and SBC, which is a dollar-stablecoin from Brale.

Furthermore, Visa also provides settlement via 10 blockchain platforms, which represents a doubling in the number of blockchain platforms compared to one year ago.

Nonetheless, the $25 billion refers to the annualized run rate rather than the transaction volume in the past 12 months. This is because it provides an estimate of what the recent trend could amount to if it continued for the whole year. Visa did not make any link between the figure and its anticipated fiscal 2027 revenue growth, which is expected to be in the low double digits.

However, the increase shows that the adoption of stablecoins is increasing, and they are no longer just being used as cryptocurrencies but also as financial instruments that can facilitate movement of funds between enterprises.

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Visa Says It Remains Neutral on Stablecoins

According to Visa, the company is impartial when it comes to selecting a stablecoin despite stiff competition among the stablecoins for space on the Visa payment platform.

McInerney stated that Visa is indifferent when it comes to stablecoins and blockchains. The company is trying to be open to various networks rather than being dependent on any particular issuer or blockchain.

Visa provides support for stablecoins issued by various organizations, such as USDC by Circle, PayPal USD (PYUSD), USDG, SBC, and EURC.

Such an initiative offers banks several payment alternatives without Visa, depending on the particular coin.

Nevertheless, Visa’s participation in the development of OUSD introduces one more element into the competition.

Open USD Adds Another Stablecoin to Visa’s Strategy

Visa is one of the members of the Open USD consortium, backing its OUSD stablecoin that is associated with the Flex Credential payment method. By October 15, OUSD reached an overall supply level of over $800 million.

According to Visa’s CEO Ryan McInerney, Visa intends to further develop the use of OUSD in its other payment products, such as Visa Direct, the company’s instant money transfer service.

Even though Visa claims that it is neutral to stablecoins, its involvement with OUSD creates concerns about balancing its initiatives with other coins.

The issuers of stablecoins may leverage Visa’s network; however, the success of their competition depends on various factors.

Visa Expands Stablecoin Cards and Payment Services

Visa now powers over 225 card programs that use stablecoins, representing an increase of over 70% year-on-year. Visa Stablecoin Settlement activity continues to expand, with transactions through about five million cards growing by over 150% across more than 50 countries.

The company has rolled out its Stablecoin Platform in six countries, including the United States, Mexico, and the UK, with more than 300 potential partners already in the pipeline. This expansion supports Visa Stablecoin Settlement across more payment markets.

These products integrate stablecoins into everyday transactions and settlements. The future growth of Visa Stablecoin Settlement may depend on institutional demand and how payment networks adopt blockchain-based solutions.

Lloyds Tests Stablecoin Settlement With Visa

In a one-week pilot, Lloyds completed $750,000 worth of payments to Visa with the help of stablecoins. The payment process was completed within one hour, even on weekends.

The pilot proved the usefulness of stablecoins for faster payments using both public and private blockchains. The adoption of such payments will, however, be dependent on regulatory approval, liquidity, and technical feasibility.

What Visa’s Stablecoin Growth Means for the Market

Visa’s annualized stablecoin transaction volumes have exceeded $25 billion, demonstrating increasing adoption in payment networks, card programs, and banking.

Visa provides stablecoin issuers with the benefit of a wide-reaching payment network, although Visa’s acceptance of different tokens prevents any one issuer from dominating.

Visa’s association with OUSD also calls into question Visa’s dedication to stablecoin neutrality. Growth in the future depends on institutional demand and blockchain payments’ integrity.

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