Visa has added Monad to its stablecoin settlement program, allowing participating issuers and acquirers to settle obligations on the network after card transactions. The company reported an annualized stablecoin settlement run rate above $25 billion during its Oct. 27 earnings call, up tenfold from a year earlier and above the $20 billion figure disclosed in September. The network-wide figure does not represent settlement volume on Monad. Visa said it supported 10 blockchains across five geographic regions, with more than 225 stablecoin-linked card programs covering 5 million cards in over 50 countries. Monad’s Private Settlement remains a proposed design rather than a live feature, with configurable access controls intended to protect transaction data while allowing scoped access for auditors and regulators.