Visa reports $3.7bn in stablecoin card volume

By Milan Rojan

Visa has processed $3.7 billion in payments through stablecoin-linked cards across more than 200 markets over the past year, signalling growing adoption of digital assets for everyday payments and cross-border transactions.

The payment network said the volume has been generated by 1.9 million stablecoin-denominated cards, with Colombia, Argentina and Brazil recording the strongest growth. The figures have reflected increasing use of stablecoins beyond cryptocurrency trading, as financial institutions explore new payment and settlement models.

Visa has also expanded its stablecoin settlement capabilities since introducing the service in 2023. The company said it has settled nearly $800 million in digital assets, including USDC, while monthly settlement activity has surpassed a $2.5 billion annualised run rate.

The settlement service has enabled issuers and acquirers to transfer funds seven days a week, reducing collateral requirements and improving access to liquidity. By supporting continuous settlement, the platform has aimed to streamline payment operations and improve efficiency for financial institutions.

The company has also extended stablecoin functionality to Visa Direct through a stablecoin prefunding capability, allowing businesses to fund cross-border payouts at any time. In addition, a pilot launched in November has enabled payments to be sent directly to digital wallets, helping creators, freelancers and gig workers receive earnings more quickly.

Visa has expected stablecoins to play a growing role in cross-border money movement and as a dollar-denominated store of value, particularly in markets where banking access remains limited or international transfer costs are high.

The company is continuing to work with financial institutions to explore additional stablecoin use cases as adoption expands beyond early-stage experimentation. Its latest initiatives form part of a broader strategy to integrate blockchain-based payment infrastructure into mainstream financial services while supporting faster settlement, greater operational efficiency and new digital payment experiences across global markets.