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- Visa has expanded its stablecoin operator to nine blockchains after adding Arc, Base, Canton, Polygon and Tempo.
- The company said its onchain fixed volume is running at an annual rate of about $7 billion, up nearly 50% quarter-on-quarter.
Visa is increasing stablecoin price indexadding five more blockchains for an airline that is slowly becoming part of the larger corporate budget.
Visa adds another five chains to the pilot
The payment group has added Arc, Base, Canton, Polygon and Tempo to its stablecoin settlement operator. This brings the total number of supported blockchains to nine, giving Visa greater technical flexibility to test how virtual currencies can flow across different networks.
This growth is notable because these chains serve different corners of the market. Base and Polygon are widely used in the blockchain ecosystem. Canton was built with corporate finance in mind. Arc and Tempo show growing interest in goal-based payment and reimbursement.
Visa he said its regular onchain volume is now running at an annual pace of about $7 billion. This is still small compared to the cards of the international companies, but it is growing rapidly, raising about 50% per quarter.
Stablecoins are closely related to credit card infrastructure
The pilot sits inside a larger spaceship stablecoin Push it. Visa says it now supports more than 130 stablecoin-linked programs in more than 50 countries. This positions stablecoins less as a similar crypto product and more as a fixed and linked currency for your payments.
For banks, fintechs and crypto companies, complaining is easy. Stablecoins can reduce conflicts in the stability of the border, improve the access to the dollar and work outside the banking hours. For Visa, the question is how to use the infrastructure without undermining the reliability expected from the global payment network.
