Visa has added Monad to its stablecoin settlement program, giving participating card issuers and acquirers another blockchain on which to settle with the payments network, The Block reported, citing the Monad Foundation and a statement from a Visa executive.
The addition widens the network choices in a program that already supports settlement on weekends and holidays. Visa’s December 2025 U.S. launch announcement described seven-day settlement windows instead of the traditional five-business-day window. It named Cross River Bank and Lead Bank as initial participants already settling in Circle’s dollar-denominated USDC over Solana.
The change concerns money moving between financial institutions and Visa, rather than a new way for shoppers to pay at checkout. As Converge previously explained, institutional stablecoin settlement does not automatically mean merchants receive stablecoins or that their payout schedules change.
“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,” Dan Roesbery, Visa’s vice president of global onchain partnerships and GTM, said in a statement quoted by The Block.
Visa’s April expansion brought its global settlement pilot to nine blockchains, adding Arc, Base, Canton, Polygon and Tempo alongside Avalanche, Ethereum, Solana and Stellar. Monad adds another choice for participating institutions.
Visa’s previously disclosed stablecoin options include USDC and, in its July 2025 expansion, support for Paxos-issued USDG and PYUSD and Circle’s euro-backed EURC. The Monad report describes the new route as available to participating issuers and acquirers, but does not specify which stablecoins it supports or identify a first institution using it.
Visa reported on Sept. 8 that its stablecoin settlement volume had surpassed a $20 billion annualized run rate. That is a program-wide pace of activity, not cumulative settlement volume or a measure of usage on Monad.
Mastercard’s Parallel Settlement Push
Mastercard announced plans on June 3 for additional intraday, weekend and holiday card settlement covering both fiat currencies and regulated stablecoins. It listed eight blockchain networks: Arbitrum, Base, Canton, Ethereum, Polygon, Solana, Tempo and XRPL.
Its announced stablecoin lineup included USDC, PYUSD, USDG, USDP, Ripple’s RLUSD and SoFiUSD. Mastercard said early USDC settlement flows were already operating in select markets, while describing the broader expansion as a phased global rollout subject to regulation.
Update — Nov. 10, 2026: Added context on Visa’s seven-day settlement model, its September settlement run rate and Mastercard’s June expansion plans.