Global payment network Visa is set to expand its stablecoin support by enabling four stablecoins on four distinct blockchain networks. The announcement comes as part of Visa’s broader strategy to deepen its digital-asset capabilities and streamline crypto-to-fiat conversions.
CEO Ryan McInerney disclosed that the company will support two fiat-pegged currencies represented via these stablecoins, which can be converted into more than 25 traditional fiat currencies. Although the exact stablecoins and blockchains were not specified, Visa already supports assets like USDC and PYUSD on chains such as Ethereum and Solana.
New Payments Infrastructure in Motion
Visa noted that since 2020 it has facilitated more than $140 billion in stablecoin and crypto flows. Spending on Visa cards linked to stablecoins has quadrupled compared to the same quarter last year, and the company’s stablecoin settlement volume now exceeds a $2.5 billion annualised run-rate.
By supporting stablecoins across multiple chains, Visa is positioning itself to offer banks and financial institutions tools for minting and burning tokens via its tokenised-asset platform. It also plans to enhance its Visa Direct services to handle pre-funded stablecoin transfers for cross-border money movement.
Institutional Impact and Future Outlook
For financial institutions, Visa’s expanded stablecoin support represents a step toward incorporating digital-asset rails into mainstream payments and settlement infrastructure. This may open new paths for banks, fintechs and merchants to participate in on-chain value flows without building their own network from scratch.
Still, significant risks remain. The success of the initiative depends on regulatory clarity, token-liquidity management, integration across blockchains and whether merchants adopt stablecoins at scale. Market participants will watch for early roll-outs, merchant acceptance rates, network-transaction metrics and how Visa’s service layer evolves.
As previously covered, stablecoins are shifting from experimental tokens to foundational components of the digital-payments architecture and Visa’s new support may mark a key acceleration point.
