Visa Adds Base, Polygon, Canton, Arc and Tempo to Stablecoin Settlement Program
Payments giant Visa scales its blockchain settlement infrastructure with five new networks as pilot program shows 50% quarterly growth.
Visa has expanded its blockchain settlement infrastructure by adding five new networks to its stablecoin settlement program. The payments giant announced the inclusion of Base, Polygon, Canton, Arc, and Tempo to its existing pilot program, which has demonstrated 50% quarterly growth since its launch.
The stablecoin settlement program represents Visa's strategic move into blockchain-based payment solutions, allowing the company to process transactions using digital currencies pegged to traditional assets. The pilot program was initially launched with a smaller network selection as Visa tested the viability of blockchain settlements for large-scale payment processing. The program enables participating partners to settle transactions directly on blockchain networks rather than through traditional banking rails.
The expansion reflects growing institutional adoption of blockchain technology for payment infrastructure. By incorporating multiple blockchain networks, Visa is positioning itself to handle diverse transaction types and volumes across different ecosystems. The 50% quarterly growth figure suggests strong demand from Visa's partners for blockchain settlement options, potentially signaling a shift in how major payment processors view cryptocurrency infrastructure.
The addition of these five networks will likely increase transaction throughput and provide more options for Visa's institutional clients. Market observers will be watching whether other major payment processors follow Visa's lead in expanding blockchain settlement capabilities and how this impacts traditional banking partnerships.
Source: Decrypt
