Visa adds Monad to its stablecoin settlement program

Visa has added Monad to its stablecoin settlement program, expanding its multi-chain settlement infrastructure, per CoinDesk. The company says its annualized stablecoin settlement run rate has reached $20 billion, up 15x year over year.

No details were disclosed on which specific settlement flows Monad will support, integration timelines or fees. The addition extends Visa's push to plug layer-1 networks into its stablecoin payment rails as global stablecoin settlement volumes grow.