Visa expands stablecoin settlement pilot to nine blockchains

Techub News, according to crypto.news, Visa expanded its stablecoin settlement pilot to five blockchains including Base and Polygon on April 29, bringing the total number of covered networks to nine. The annualized settlement volume reached $7 billion, a 50% increase from the previous quarter. The company now serves as a validation node on the Tempo blockchain alongside institutions such as Stripe, and operates over 130 stablecoin-linked card programs in more than 50 countries. This expansion enables its partners to conduct multi-chain settlements outside the traditional banking system.