visa now lets participating card issuers and acquirers settle what they owe visa in stablecoins on monad, an evm layer 1. visa says its stablecoin settlement runs above $25b a year across all supported chains. on monad, users pay fees in mon, and the network burns base fees. but fees follow gas use, not dollar size, so a large settlement need not burn much more mon. all monad activity paid about $292k in gas fees in the 30 days before the news. visa named no institution and no volume for the monad route yet.