Visa announced on Thursday that it has added the Monad network to its stablecoin settlement program, a move that coincides with the company reporting an annualized settlement run rate of more than $25 billion during its October earnings call. The integration enables participating card issuers and merchant acquirers to settle Visa obligations using stablecoins on Monad’s blockchain, extending settlement capabilities beyond traditional banking hours and into weekends and holidays.

Update, Nov 11, 02:13 UTC: Monad’s option is now live, according to the Monad Foundation and a Visa executive, and the network can process roughly 10,000 transactions per second with blocks every 400 milliseconds and finality in about 800 milliseconds, according to Unchained. The foundation also said its Private Settlement feature will be made available to Visa partners in the coming months, per the same source.

Run‑rate growth and network reach

According to Visa’s chief executive Ryan McInerney, the $25 billion run rate represents a tenfold increase over the same period a year ago and surpasses the $20 billion benchmark disclosed in September. Visa now supports stablecoin settlement across ten blockchains and five geographic regions, with more than 225 stablecoin‑linked card programs covering five million cards in over 50 countries, according to the earnings call.

How Monad enables on‑chain settlement

Monad’s integration allows issuers – including crypto exchanges, digital wallets, neobanks and remittance providers – to move funds owed to Visa through stablecoins rather than conventional fiat rails. The network’s design permits settlement at any time of day, reducing cross‑border settlement times that can exceed a day on legacy systems. A pilot with Lloyds Banking Group demonstrated the model: $750,000 of live dollar obligations were settled in under an hour, including a weekend, by purchasing USDC on Archax and routing the transaction through a private node on Canton while Visa processed the settlement on a public blockchain.

Future private settlement features

Alongside the current integration, Monad’s developer Category Labs is working on a Private Settlement framework that would let institutions encrypt transaction data and enforce granular access controls. The design, announced in early October, envisions configurable execution domains where validators, permitted assets and policy settings are defined by each participant. Although the feature is not yet live, it is intended for use cases such as payroll, supplier payments and tokenized fund transfers, with auditors and regulators able to receive scoped read‑only access.