Monad Is Now a Settlement Option in Visa’s Stablecoin Program

Monad, a Layer 1 (base-layer) blockchain, is now one of the networks that banks and payment firms in Visa’s stablecoin settlement program can use to settle with Visa in stablecoins, the Monad Foundation announced on Tuesday in a release that quotes a Visa executive. Visa had not published its own announcement as of publication.

Monad’s official X account (@monad) said that the option is live. The release does not say which stablecoins will settle on Monad, and it names no participating card issuers or acquirers. Acquirers are the banks and payment companies that process card payments for merchants.

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Where Monad Fits

Visa’s own April 29 release put its pilot at nine blockchains: Avalanche, Ethereum, Solana and Stellar, plus Arc, Base, Canton, Polygon and Tempo, the five it added that day. By Oct. 27, CEO Ryan McInerney said on the company’s earnings call that Visa supports 10 blockchains in settlement, without naming them. Neither Visa nor the foundation said whether that count included Monad. On the same call, McInerney said Visa supports five stablecoins in settlement: USDC, USDG, EURC, PYUSD and SBC.

Monad is compatible with the Ethereum Virtual Machine (EVM), the software environment Ethereum apps run on, so card issuers and acquirers whose custody, wallet and compliance systems already work with Ethereum can usually connect them to Monad without building new ones, the foundation said. The foundation says the network handles 10,000 transactions per second, produces a block every 400 milliseconds and runs on more than 200 independently operated validators, the computers that check and record transactions. It says transactions reach finality, the point after which they can’t be reversed, in 800 milliseconds. Monad held its token sale on Coinbase in November 2025.

In April, Visa put the pilot’s annualized settlement run rate at $7 billion and counted more than 130 stablecoin-linked card programs. The Monad release, citing Visa figures, says the run rate reached $25 billion as of September 2026, up roughly 10x from a year earlier, with more than 225 card programs live. McInerney gave the same figures on the Oct. 27 call, saying the run rate had “surpassed $25 billion in annualized volume, up 10x year over year.” By Unchained’s calculation, that is about 3.6 times the April figure in roughly five months.

Dan Roesbery, Visa’s vice president of global onchain partnerships and go-to-market, said in the release that adding Monad “expands the options available to our partners and is another step toward building a multi-chain settlement infrastructure for stablecoin-enabled payments.”

Privacy Comes Later

The release says Monad’s Private Settlement, a feature meant to keep commercially sensitive payment details hidden from the public while still letting auditors and regulators see them, will reach Visa’s partners in the coming months. It is not live yet.

In April, Visa pitched two of its new chains on privacy, describing Canton as “built with configurable privacy for regulated capital markets” and saying Tempo was focused on moving stablecoin liquidity privately.

“The next phase will be defined by whether institutions can keep sensitive flows confidential without leaving open networks,” Keone Hon, co-founder and general manager of the Monad Foundation, said in the release.

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