According to Jack Forestell, Visa Chief Product and Strategy Officer, speaking at the Morgan Stanley Technology, Media & Telecom Conference, the company’s stablecoin settlement business reached approximately $7 billion annualized run rate, rising more than 50% quarter-over-quarter as adoption accelerates. Forestell said stablecoins are transitioning from experimental technology into real financial infrastructure capable of supporting large-scale settlement and global payments activity on a 24/7 basis, addressing inefficiencies in cross-border settlement and backend money movement.
Visa has significantly expanded its blockchain infrastructure strategy in recent months, integrating five new blockchain networks including Polygon into its settlement infrastructure. The company currently supports more than 130 stablecoin-linked card programs across 40 countries, with plans to expand partnerships with stablecoin infrastructure providers BVNK and Bridge to support card issuance and settlement in more than 100 countries by the end of 2026.
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