Visa Adds Monad to Stablecoin Settlement Program
Monad becomes the tenth network in the Visa stablecoin settlement program, as reports put settlement growth and more than 225 linked card programs in focus.
Key points
- Visa has added the Monad blockchain network to its stablecoin settlement program.
- Participating issuers and acquirers can now settle through Monad.
- Monad joins nine networks that Visa already supported.
Visa has added the Monad blockchain network to its stablecoin settlement program. The Monad Foundation announced the addition on Nov 10.
Participating issuers and acquirers can now settle through Monad. The addition brings the number of networks in the program to ten.
Ten networks in the program
Monad joins nine networks that Visa already supported. They are Avalanche, Ethereum, Solana, Stellar, Arc, Base, Canton, Polygon and Tempo.
Visa announced support for Arc, Base, Canton, Polygon and Tempo in April 2026. That April expansion brought the total to nine before Monad.
Issuers and acquirers in the program can choose among the ten networks for settlement.
Dan Roesbery, Visa vice president of global onchain partnerships and GTM, said in a statement: "Our goal is to give our partners the flexibility to settle on the blockchain networks that best meet their needs. Adding support for Monad expands the options available to our partners and is another step toward building a multi-chain settlement infrastructure for stablecoin-enabled payments."
Settlement on weekends and holidays
The Monad Foundation said blockchain settlement allows funds to move on weekends and holidays. Traditional card settlement runs on a five business day banking schedule.
The contrast is central to the case for blockchain settlement. Funds settled on a blockchain network do not have to wait for the next banking day.
Issuers and acquirers can keep settlement moving when banks are closed.
Growth in settlement and card programs
The Block reported an annualized stablecoin settlement run rate of $20 billion as of September 2026. The Block said the figure was up more than 15 times year over year.
CryptoBriefing reported the run rate had climbed to $25 billion by October 2026. The two figures cover different months and come from different reports. Readers should read them as a September figure and an October figure, not as a single combined number.
Both reports put the scale of linked card activity in the same range. The Block reported more than 225 stablecoin linked card programs live globally. CryptoBriefing also reported more than 225 stablecoin linked card programs.
CryptoBriefing reported the program supports five stablecoins. CryptoBriefing reported the card programs are active in over 50 countries.
Monad had activity in Visa data before the formal addition. CryptoBriefing reported nearly 1 million stablecoin transactions on Monad in Visa onchain analytics in August 2026.
Private Settlement for institutions
Monad is developing a privacy feature for institutions called Private Settlement. The Monad Foundation said the feature is expected to launch in the coming months.
The feature will let institutions keep sensitive transaction details private. Institutions will still be able to share those details with auditors or regulators when needed.
The feature is being built into Monad itself. Private transactions will be able to use the same liquidity as other transactions on the network.
Keone Hon, co-founder and general manager of the Monad Foundation, said in a statement: "The next phase will be defined by whether institutions can keep sensitive flows confidential without leaving open networks."
Visa has also explored private settlement on Canton. In June, Visa announced a proof of concept with stablecoin issuer Brale. The test covered settlement using the Brale dollar backed SBC token on Canton.