Visa Adds Base, Polygon, Canton, Arc and Tempo to Stablecoin Settlement Program
Visa expanded its global stablecoin settlement pilot to nine total blockchain networks Wednesday, as the payment giant's blockchain infrastructure reaches a $7 billion annualized run rate with 50% quarterly growth.
The newly added networks—Arc, Base, Canton, Polygon, and Tempo—each serve distinct settlement needs, according to Visa's announcement. Polygon and the Coinbase-incubated Base are both Ethereum scaling networks, while Circle’s Arc and Stripe’s Tempo network are layer-1 chains focused on stablecoins and payments, and Canton offers configurable privacy options for institutions.
These additions complement Visa's existing support for Ethereum, Solana, Avalanche, and Stellar, creating a comprehensive multi-chain settlement layer.
The pilot's rapid growth reflects accelerating institutional adoption of blockchain payment rails. Visa’s stablecoin settlement volume jumped from approximately $4.7 billion to $7 billion on an annualized basis in just one quarter, the financial giant said.
Visa's broader stablecoin ecosystem extends beyond settlement infrastructure. The company operates more than 130 stablecoin-linked card programs spanning more than 50 countries, bridging digital assets with traditional payment networks.
“Our partners are building in a multi-chain world, and they expect their options to reflect that reality,” said Visa Global Head of Growth Products and Strategic Partnerships Rubail Birwadker, in a statement. “Expanding our stablecoin settlement pilot program to more blockchains means our partners can choose the networks that best fit their needs, while relying on Visa to provide a common settlement layer across all of them.”
Arc, Tempo, and Canton are newer entrants to the blockchain industry, and Visa has already offered support to all three. Visa is a design partner for Arc, and more recently became a validator for both Tempo and Canton.
Source: https://decrypt.co/365968/visa-base-polygon-canton-arc-tempo-stablecoin-settlement-program
