Visa adds Monad as a stablecoin settlement option

Visa has added the Monad blockchain as an option for participating issuers and acquirers to settle obligations in stablecoins, giving them another network for moving settlement funds. The Monad Foundation announced the change on Nov. 10, according to The Block’s report on the announcement.

The process has three parts: Visa partners choose a supported blockchain, the institutions use stablecoins to settle what they owe through that network, and the transfer is recorded on its ledger. The network handles settlement between participating institutions; the announcement does not say cardholders need to use crypto or merchants need to accept it.

What changes for Visa’s partners?

Monad becomes another network they can choose for settlement. Visa’s existing options include Avalanche, Ethereum, Solana, Stellar, Arc, Base, Canton, Polygon and Tempo, The Block reported. Visa executive Dan Roesbery said the addition expands the options available to partners as Visa builds a multi-chain settlement system.

That choice matters because blockchain settlement can move funds on weekends and holidays, the Monad Foundation said. Traditional card settlement has run on a five-business-day banking schedule. In this respect, the blockchain acts like an always-open settlement lane: institutions can use it outside the usual banking calendar.

Does this change how cardholders pay?

The announcement concerns settlement by participating issuers and acquirers, not a change to the card payment at checkout. It does not name which stablecoins partners will use on Monad, or identify any issuer or acquirer already using the option. Those details remain unspecified.

The scale of Visa’s wider program gives context, but it is not a measure of activity on Monad. Visa reported a $20 billion annualized stablecoin settlement run rate as of September 2026, up more than 15 times year over year, and more than 225 stablecoin-linked card programs live globally, The Block reported. The figure covers Visa’s overall stablecoin settlement activity; it does not show how much will flow through Monad.

What is Monad’s planned privacy feature?

Monad is developing a feature called Private Settlement for institutions, which the Foundation expects to launch in the coming months. It is designed to let institutions keep sensitive transaction details private while sharing them with auditors or regulators when needed. The feature is planned, not live as part of this announcement.

The Foundation says private transactions will use the same liquidity as other transactions on Monad. For Visa partners, that could add privacy controls to the new settlement option once the feature launches. For now, the confirmed change is narrower: participating issuers and acquirers can use Monad to settle Visa obligations in stablecoins.

Sources and documents

• The Block’s report on the announcement — theblock.co