Global payments giant Visa has taken a significant step towards expanding its stablecoin-based payment infrastructure. The company announced that it is extending its global stablecoin consensus pilot program to five new blockchain networks. Accordingly, the program will now include Arc, Base, Canton, Polygon, and Tempo networks. This brings the total number of networks supported by Visa to nine.
According to data shared by the company, Visa’s blockchain-based consensus transaction volume reached $7 billion annually. This figure, representing a 50% increase compared to the previous quarter, indicates the rapid spread of stablecoin adoption.
Visa officials stated that their business partners are increasingly operating in multi-chain environments, and therefore the infrastructure has been developed to reflect this reality.
Visa’s stablecoin ecosystem isn’t limited to infrastructure alone. The company already supports over 130 stablecoin-linked card programs operating in more than 50 countries. These cards allow users to utilize their digital assets for everyday spending.
Visa previously supported networks such as Ethereum, Solana, Avalanche, and Stellar. With this new expansion, the company is seen as taking its multi-chain payment vision even further.
*This is not investment advice.