Visa Adds Monad as a Stablecoin Settlement Route

The Monad Foundation said on Nov. 10 that Visa added Monad as a network where participating card issuers and acquirers can settle obligations in stablecoins; Visa reported a $25 billion annualized settlement run rate in September. The Monad Foundation announcement describes an additional route for money moving between financial institutions and Visa after card transactions clear. It does not introduce a new way for shoppers to pay at checkout.

Who can use Monad for settlement?

Participating Visa issuers and acquirers can choose Monad for stablecoin settlement, according to the foundation. Issuers are generally banks that provide cards; acquirers handle card payments for merchants. Neither the announcement nor Unchained’s report names financial firms that have started using the option.

The foundation did not identify which stablecoins can settle on Monad or publish transaction fees. It says using stablecoins on the network can reduce the operational friction of converting between stablecoins and traditional currency, but gives no cost comparison. Visa’s reported $25 billion is a network-wide annualized run rate, not settlement volume on Monad.

What changes for banks and payment firms?

Settlement on a blockchain can move funds on weekends and holidays. Traditional card settlement runs on a five-business-day banking schedule, the foundation said. That gives participating firms a route for payments outside the usual banking calendar, though each institution must decide whether to use it.

Monad is compatible with the Ethereum Virtual Machine, the software environment used by Ethereum applications. The foundation says firms already using Ethereum-based custody, wallet and compliance tools can typically extend those integrations to Monad instead of building new ones. It also says transactions reach finality in 800 milliseconds, the point at which they are treated as settled and cannot be reversed.

Visa said the addition gives partners flexibility to choose blockchain networks that fit their needs. The release reported that Visa’s stablecoin settlement run rate was up roughly tenfold year over year as of September 2026, with more than 225 stablecoin-linked card programs live globally. Those figures describe Visa’s broader activity, not Monad’s share.

When will Monad’s privacy feature be available?

Monad’s Private Settlement feature is planned for the coming months, but is not yet live for Visa partners, Unchained reported. The feature is designed to keep commercially sensitive payment details private while allowing institutions to share them with auditors and regulators. Until it launches, partners will need to assess the settlement option without that promised privacy functionality.

The next signals are the feature’s launch and whether Visa partners disclose which stablecoins and institutions are using Monad. The announcement gives no launch date or list of participants.

Source material

• Monad Foundation announcement — globenewswire.com
• Unchained’s report — unchainedcrypto.com