Visa to Expand Stablecoin Support Across Multiple Blockchains
Visa plans to increase its use of stablecoins due to rising demand. Banks, fintech firms, and users sending cross-border payments are driving this growth. The company will support four additional stablecoins on four different blockchains. However, Visa has not yet disclosed their names or networks.
This announcement coincided with Visa’s fourth-quarter earnings report for fiscal year 2025. The company noted growing use of stablecoins for everyday and cross-border payments.
Increasing Stablecoin Usage on Visa’s Network
During Visa’s Q4 earnings call, CEO Ryan McInerney highlighted the growing role of stablecoins. Since 2020, Visa processed around $140 billion in crypto and stablecoin transactions, including Visa card purchases.
McInerney said there is “particular momentum with stablecoins,” with usage rising sharply on Visa-linked cards and payment services. Currently, over 130 stablecoin-linked card issuing programs operate in 40+ countries. In Q4, spending via these cards was four times higher than the same period last year.
Monthly stablecoin volume on Visa’s network now runs at an annualized rate of $2.5 billion. Although the exact new stablecoins are undisclosed, McInerney stated they represent two currencies across four blockchains. These stablecoins can be converted into over 25 traditional fiat currencies.
Visa currently supports stablecoins such as USDC, Euro Coin, PayPal USD, and Global Dollar. Supported blockchains include Ethereum, Solana, Stellar, and Avalanche. The planned expansion will offer more options for banks and financial institutions using Visa for digital payments.
Focus on Faster Cross-Border Payments
Visa is prioritizing cross-border payments, where stablecoins can speed up money transfers compared to traditional banking rails. The company recently launched a pilot allowing banks to pre-fund cross-border transactions using tokens like USDC and EURC.
McInerney said Visa aims to enable banks to mint and burn stablecoins through its tokenized asset platform. This will let institutions issue and settle digital tokens directly, reducing reliance on external stablecoin issuers.
Visa’s stablecoin strategy follows a strong financial quarter. In Q4, the company reported revenue of $10.7 billion and $40 billion for the fiscal year. Total payment volume reached $14 trillion.
