Cuy Sheffield: Visa expands chain support for stablecoin settlement with Monad

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14 min ago

Cuy Sheffield: Visa expands chain support for stablecoin settlement with Monad — Visa adds Monad for stablecoin settlement

Visa has announced the addition of Monad to its supported blockchain networks for stablecoin settlement. Cuy Sheffield, Vice President and Global Head of Crypto at Visa, shared the news, stating his excitement at continuing to expand the company's chain support efforts.

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Visa has recently expanded its stablecoin settlement program, following previous milestones in the space. The company launched Visa Direct stablecoin pre-funding with Inyo Global as the first enabler, according to earlier statements from Cuy Sheffield. In a separate update, Visa CEO Ryan McInerney shared new details on the company’s stablecoin business, as noted by Sheffield in a prior announcement.

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