Visa Adds Monad to Stablecoin Settlement Network Options

Visa added the Monad blockchain network as a stablecoin settlement option for participating issuers and acquirers, the Monad Foundation said. 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.

What does Monad change for Visa?

Monad gives Visa's participating issuer and acquirer clients another route for stablecoin settlement. The addition broadens network choice within the multi-chain settlement model Visa describes in its announcement.

Dan Roesbery, Visa's vice president of global onchain partnerships and GTM, said:

“Our goal is to give our partners the flexibility to settle on the blockchain networks that best meet their needs. Adding support for Monad expands the options available to our partners and is another step toward building a multi-chain settlement infrastructure for stablecoin-enabled payments.”

For issuers and acquirers already using Visa's program, the immediate change is access to an additional network. It also gives Visa another settlement rail for stablecoin-enabled payments, consistent with the company's stated strategy.

Monad joins these existing settlement options:

• Avalanche
• Ethereum
• Solana
• Stellar
• Circle's Arc
• Base
• Canton
• Polygon
• Tempo

Visa announced support for the latter five, Circle's Arc, Base, Canton, Polygon and Tempo, in April.

How will private settlement work?

Monad is developing a feature called Private Settlement, with a launch expected in the coming months. It will let institutions keep sensitive transaction details private while allowing selective disclosure to auditors or regulators, the foundation said.

The foundation said Monad is embedding the feature directly in the network, allowing private transactions to use the same liquidity as other transactions. It also said the design can support private settlement without slowing settlement.

Keone Hon, co-founder and general manager of the Monad Foundation, said:

“The next phase will be defined by whether institutions can keep sensitive flows confidential without leaving open networks.”

That proposal places confidentiality at the protocol layer and brings auditor and regulator access into the feature specification. Institutions would receive a defined path for disclosure. For institutional clients, that mechanism would sit inside the settlement workflow itself.

When can settlement move?

Blockchain settlement can move funds on weekends and holidays, the Monad Foundation said. The foundation contrasted that availability with traditional card settlement, which follows a five-business-day banking schedule. For issuers and acquirers, the difference determines when settlement balances can move.

The Monad Foundation's announcement identifies participating issuers and acquirers but names no stablecoins, institutions or launch markets for Monad settlement. The coming-months timetable applies specifically to Private Settlement, not Visa's broader settlement-network support.

What does the Canton test establish?

Visa is also exploring private settlement on Canton. In June, the company announced a proof of concept with stablecoin issuer Brale to test settlement using Brale's dollar-backed SBC token.

The initiative focuses on how institutions can settle onchain while controlling who can see sensitive transaction data. The Canton proof of concept and Monad's planned feature put selective disclosure into two institutional settlement projects. The Canton test centers on an issuer token, while the Monad work centers on protocol functionality. Brale supplies the settlement asset for the Canton test, and both projects focus on controlling access to transaction data.

The next checkpoint is Monad's planned Private Settlement rollout in the coming months. Until it goes live, Visa's addition expands settlement-network access, while the planned confidentiality and regulatory-disclosure controls remain under development.