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Visa Executive Says Stablecoins Are Becoming Settlement Infrastructure at Scale

According to Visa, its stablecoin settlement pilot now spans nine blockchains, reflecting how tokenized dollars are being tested for real-world payment settlement.

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Summary

Visa’s Chief Product & Strategy Officer said stablecoins are moving from a concept to practical financial infrastructure and are now being used for real settlement at scale. The company also said its stablecoin settlement pilot currently spans nine blockchains, including Avalanche, Base, Canton Network, Ethereum, Polygon, and Solana. The statement highlights how stablecoins are increasingly being used as payment rails and settlement tools, rather than only as trading instruments in crypto markets.

Terms & Concepts
  • Stablecoins: Cryptocurrencies designed to maintain a stable value, typically by being pegged to a fiat currency such as the U.S. dollar.
  • Blockchain settlement: The process of completing and recording a financial transaction on a blockchain network, allowing value transfer without traditional banking rails.
  • Canton Network: A blockchain-focused network built for regulated financial markets, designed to support privacy and interoperability for institutional use.