Visa says annualized stablecoin settlement volume could top $25 billion in 2026

Visa is now treating stablecoin settlement as a meaningful payment rail rather than a side experiment: the company says annualized volume could exceed $25 billion in 2026, supported by broader blockchain coverage, more card programs, and a push to commercialize pre-funding for cross-border transfers. For PSPs and high-risk merchants, the useful part is not the headline number itself, but the direction of travel: stablecoin flows are moving from pilot logic into operational infrastructure.

1. Visa CEO Ryan McInerney said during the company’s Q4 and full-year 2026 earnings call, which ended September 30, that stablecoin settlement volume increased tenfold year over year. Based on current transaction activity, Visa said annualized stablecoin settlement volume could exceed $25 billion in 2026.
2. The company expanded stablecoin settlement support to 10 blockchain networks. Visa previously confirmed support for Ethereum, Solana, Avalanche, Stellar, Arc, Base, Canton, Polygon, and Tempo. Stablecoin settlements now operate across all 5 of Visa’s regions.
3. Visa supports 5 stablecoins: USDC, USDG, EURC, PYUSD, and SBC. It is also expanding its digital asset infrastructure: the Visa Stablecoin Platform is already available in the U.S., Mexico, Puerto Rico, Colombia, Switzerland, and the U.K., and the company says it is working with more than 300 potential partners.
4. Visa moved its stablecoin-based pre-funding service for international transfers through Visa Direct from pilot to commercial operations. U.S. payments company Inyo Global became the first partner to adopt the solution. The service initially uses USDC, with Visa planning to add support for other stablecoins.
5. The stablecoin-linked card segment also kept growing in fiscal 2026: more than 225 active card programs, up over 70% year over year; more than 5 million cards in circulation; operations in more than 50 countries; and transaction volume growth of more than 150% across these cards. Visa said these cards are issued by cryptocurrency exchanges, neobanks, digital wallet providers, and money transfer services.

Visa also said stablecoins have become the fastest-growing practice within Visa Consulting & Analytics. During the fiscal year, the division completed more than 60 projects in this area, with nearly half of them in the fourth quarter. The company’s stated direction is clear enough: build a payment stack that connects traditional currencies, stablecoins, and tokenized bank deposits, while staying network- and issuer-agnostic.