Visa expands stablecoin settlement options with Monad integration
Visa is broadening its blockchain-based settlement network by adding Monad for participating issuers and acquirers. The move increases the card company's multi-chain options for stablecoin-enabled payments and comes with privacy features on Monad planned for the coming months.
Highlights
- Visa expands blockchain settlement options by adding Monad for stablecoin settlements, joining Avalanche, Ethereum, Solana, Stellar, Circle's Arc, Base, Canton, Polygon and Tempo.
- Visa's system allows participating issuers and acquirers to move funds on weekends and holidays, surpassing the traditional five-business-day settlement limitation.
- Monad will soon launch a privacy feature enabling confidential institutional transactions with regulated auditing access, supporting Visa's push for private, fast settlements.
Multi-chain settlement expansion
The Block reports that Visa now allows participating issuers and acquirers to use Monad as a stablecoin settlement option alongside networks including Avalanche, Ethereum, Solana, Stellar, Circle's Arc, Base, Canton, Polygon and Tempo.Visa's blockchain settlement system lets funds move on weekends and holidays, unlike traditional card settlement that operates on a five-business-day schedule. Dan Roesbery, Visa's vice president of global onchain partnerships, says the addition gives partners more choice and marks another step toward a multi-chain settlement infrastructure for stablecoin-enabled payments.
Privacy features target institutional use
Monad is also developing a privacy feature that is expected to launch soon, enabling institutions to keep sensitive transaction details private while still allowing access for auditors or regulators when needed.The feature is intended to support private transactions without slowing settlement speeds. Visa has already explored private settlement with other blockchains and has run proof-of-concept tests with different stablecoin issuers as it works to improve settlement privacy.
As a reminder, we recently covered Cohere’s AISLE acquisition as it built out AI cybersecurity and vulnerability detection.
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