Visa Stablecoin Settlement Tops $25B as Payments Expand
Visa’s annualized stablecoin settlement volume has topped $25 billion, up tenfold year over year. The figure is an annualized run rate, not the total processed in fiscal 2026. CEO Ryan McInerney said Visa supports five stablecoins across 10 blockchains and operates settlement services in five regions. Its platform is available in the US, Mexico, Puerto Rico, Colombia, Switzerland and the UK, with more than 300 prospective partners in its pipeline.
Visa also has more than 225 stablecoin-linked card programs, covering about 5 million cards in over 50 countries. Transaction volume from those programs rose more than 150% year over year. Visa Direct’s USDC prefunding service has entered commercial production, with Inyo Global as its first live partner. Separately, Open USD launched on 30 September and had a circulating supply above $800 million as of 15 October.
The latest figures point to broader use of stablecoins for payments, blockchain settlement and business treasury services. The growth expands institutional access to stablecoin infrastructure, but does not by itself signal an immediate price move in USDC or the wider crypto market.
Neutral
The news is positive for stablecoin adoption and Visa’s payment infrastructure, but its direct price implications for USDC are limited. USDC is designed to maintain a one-dollar peg, so higher settlement volumes and new payment services are more likely to affect usage and circulation than its market price. In the short term, traders may monitor USDC liquidity, supply and redemption activity, but the announcement alone provides no clear price catalyst. Over the longer term, broader institutional use could strengthen stablecoin demand and payment utility; however, it does not guarantee appreciation in USDC or other crypto assets. The figures also do not establish a direct link to broader market stability or a change in crypto risk appetite.