Loading article...
Visa reported that its stablecoin settlement run rate reached $25 billion in annualized volume during fiscal Q4 2026, driven by 225 card programs and over 150% volume growth.
A contactless card payment terminal at checkout. Photo: Marlith via Wikimedia Commons (CC BY-SA 3.0). Source
Visa reported that its stablecoin settlement business surpassed an annualized run rate of $25 billion during its fiscal fourth-quarter 2026 earnings call, marking a tenfold increase compared to the prior year.
Chief Executive Officer Ryan McInerney outlined the milestone during the company's fiscal Q4 and full-year 2026 earnings conference call, pointing to broader adoption across consumer card programs, cross-border remittances, and treasury operations as the principal drivers of onchain volume.
The $25 billion benchmark reflects the annualized pace of transaction settlement conducted across stablecoin rails rather than cumulative volume processed over the full fiscal year, FinanceFeeds reported.
Consumer-facing payments linked to stablecoins expanded alongside settlement operations. Visa now supports more than 225 active stablecoin-linked card programs across more than 50 countries, up over 70% year-over-year, according to CoinsPaid Media.
Those programs account for roughly 5 million cards in circulation. Transaction volumes running through the cards grew by more than 150% compared to fiscal 2025, enabling cardholders to spend dollar-pegged token balances at standard merchant terminals worldwide while merchants receive payment in their local fiat currencies.
Visa has expanded its underlying blockchain routing infrastructure to accommodate multiple networks and digital currency formats. The company's settlement network now spans ten separate blockchain networks and settles five distinct stablecoins, including Circle's USDC, PayPal USD (PYUSD), Euro Coin (EURC), the Global Dollar (USDG), and Brale's dollar-backed token (SBC), CoinsPaid Media detailed.
Operating across all five of Visa's global geographic reporting regions, the multi-token framework allows regional issuers and acquiring partners to clear obligations in their preferred onchain collateral without relying exclusively on single-chain liquidity or manual banking conversions.
Beyond point-of-sale card transactions, Visa transitioned its stablecoin-based prefunding capability within Visa Direct from pilot testing into commercial production. The system enables institutions to move liquidity across borders without maintaining capital-intensive correspondent accounts in foreign markets.
Financial technology company Inyo Global signed on as the first commercial partner to go live with the prefunding integration, using stablecoin rails to streamline cross-border transfers.
The fourth-quarter update places Visa's digital-asset initiatives inside its primary corporate reporting alongside core credit and debit metrics. McInerney reiterated to investors that Visa will continue expanding its settlement rails across public blockchains where regulated financial institutions, merchants, and cardholders require interoperability with traditional banking networks.