Visa stablecoin settlement volume surges tenfold to $25 billion
Payment giant Visa reported that its annualized stablecoin settlement volume reached $25 billion, a tenfold increase over the past year. The company expanded support to 10 blockchains and five stablecoins, while the number of card programs involving digital assets exceeded 225.
The figures were presented on October 27, 2026, in Visa's fourth-quarter fiscal year earnings report. The $25 billion figure represents an annualized run rate based on current transaction activity, rather than the actual settlement volume over the previous 12 months.
Visa CEO Ryan McInerney said the company now supports stablecoin settlements across all five of its geographic regions. Meanwhile, the payment network's quarterly net revenue rose 13% to $12.1 billion, while annual revenue increased 15% to a record $45.9 billion.
Visa expands stablecoin settlements and crypto card programs
The payment network supports USDC, USDG, EURC, PayPal USD (PYUSD) and SBC, a U.S. dollar-backed stablecoin issued by Brale. Management emphasized that Visa does not intend to favor any particular blockchain or digital asset.
The company is also participating in the development of several blockchain networks. In particular, Visa became one of the initial validators of Circle's Arc network and previously secured similar roles in Tempo and Canton.
The stablecoin-based prefunding service for international transfers through Visa Direct has moved from testing to commercial operations. U.S. payments company Inyo Global became its first partner.
The solution allows businesses to use USDC for cross-border settlements, including outside standard banking hours. Visa plans to add support for other tokens in the future.
Meanwhile, the number of stablecoin-linked card programs increased by more than 70% year over year. Their combined payment volume grew by over 150%, while the number of cards issued reached approximately 5 million across more than 50 countries.
The Visa Stablecoin Platform operates in six jurisdictions, including the United States, the United Kingdom, Switzerland, Mexico, Colombia and Puerto Rico. The company is in discussions with more than 300 potential partners.
However, Visa does not yet disclose separate revenue and profitability figures for its stablecoin business, making it difficult to assess its direct contribution to the company's financial performance.
Visa expands cryptocurrency payment capabilities
In addition to developing its settlement infrastructure, Visa has partnered with cryptocurrency company Mesh to introduce digital asset payments at retail locations.
The joint solution will allow users to pay with cryptocurrencies and stablecoins at more than 175 million merchant locations worldwide. Funds can be spent directly from cryptocurrency wallets without users having to convert them into fiat currencies beforehand.
Earlier, we reported that Visa received approval from Chinese regulators to conduct bank card clearing operations. The authorization concerns the expansion of the company's card payment infrastructure in China.
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