Visa Rallies After Stablecoin Settlement Hits $7 Billion, Adds Five New Blockchains

• Visa shares jumped on Wednesday after the firm expanded its stablecoin settlement program to five additional blockchains.
• Polygon was added as a key rail, as the network leads USD stablecoin activity with about 34% of transfers and over 50% of USDC volume.
• The expansion reflects rising institutional demand for faster, blockchain-based settlement, with Visa positioning itself as a multi-chain payments layer.

Visa Inc (V) shares rallied on Wednesday after the payments giant announced it had added five blockchains to its global stablecoin settlement program, as the initiative reached a $7 billion annualized run rate. 

The expansion to a total of nine blockchains for its pilot is meant to enable issuers and acquirers to settle transactions across multiple chains, reflecting growing demand for stablecoin-based payments. Polygon (POL) became one of the supported chains in the program, which now spans multiple blockchain ecosystems.

“Our partners are building in a multi-chain world, and they expect their options to reflect that reality,” said Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa. “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.”

Visa’s stock was up over 9% during afternoon trading hours. On Stocktwits, the retail sentiment around V moved to ‘bullish’ from ‘neutral’ zone, while chatter around it rose to ‘extremely high’ from ‘high’ over the past day.

Polygon Gains Ground In Stablecoin Payments

Polygon’s addition comes as the network has emerged as a leading platform for stablecoin transactions. Data showed it accounts for roughly 34% of USD-denominated stablecoin transfers, more than double the next-largest blockchain, and over 50% of USD coin (USDC) transaction volume.

The network has also seen rising activity in recent months, with stablecoin usage and transaction volumes reaching record levels. Transaction costs remain fractions of a cent, with recent fee structure updates aimed at improving predictability for institutional users.

Visa’s move connects its settlement infrastructure to one of the most active networks for dollar-based digital payments, as financial institutions increasingly explore blockchain rails for real-world transaction flows.

Stablecoin Push Expands Across Networks

The expansion builds on Visa’s broader effort to integrate stablecoins into its global payments infrastructure. The company said in the press release that its settlement pilot now supports multiple blockchains, reflecting a shift toward multi-chain systems as digital assets move further into mainstream financial use.

Read also: CLARITY Act To Get Fast-Tracked, Says Senator Thom Tillis – Calls For 'Good Faith' On Stablecoin Yield

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