Visa said its stablecoin settlement volume recently exceeded a $20 billion annualized rate, indicating the pace at which funds are currently moving through its network rather than a confirmed $20 billion settled over a completed year.

Visa stablecoin settlement exceeds $20 billion annualized rate

The company reported the figure on September 8, 2026. Settlement is the process through which Visa moves funds between banks and other partners to reconcile card transactions. Some of that settlement activity is now conducted using stablecoins, digital tokens generally designed to maintain a stable value, often through a peg to the U.S. dollar.

An annualized rate takes activity measured over a shorter period and projects it across 12 months. Therefore, Visa’s statement does not mean that the company has already processed more than $20 billion in stablecoin settlement during a full year. It means the recent pace, if sustained for a year, would reach that level.

Visa did not disclose the measurement window, the exact date when the threshold was crossed, or the methodology used to calculate the figure. As a result, the reported rate cannot be reliably converted into a daily or monthly settlement amount.

Settlement volume is also distinct from Visa’s revenue, profit, or the total market value of any stablecoin. It measures funds moving through the network’s settlement infrastructure.

Stablecoin settlement growth and card activity

Visa said its stablecoin settlement run rate had increased by more than 15 times year over year. The company also said payment volume on its stablecoin-linked card programs was growing by nearly 200% year over year. The two figures measure different activities: the first concerns settlement flows, while the second concerns spending through card programs.

Visa now counts more than 160 stablecoin-linked card programs operating on its network. The company’s reported dollar-based settlement pace does not, by itself, indicate how many users or transactions are behind the volume.

Visa also described financing activity connected to these settlement flows. It said its collaboration with Credit Coop had supported more than $2.5 billion in cumulative financed settlement volume since 2023, with zero defaults across participating facilities, according to Visa’s account.

The financing infrastructure operated onchain, meaning directly on a blockchain. Visa said the system had processed more than 3,000 borrow events and 9,000 repayment events programmatically, without manual handling.

Chris Walker, founder and CEO of Credit Coop, said the data could help lenders evaluate settlement receivables in real time.

“Payment companies have always had good collateral in their settlement receivables, but no way to show lenders how it performs in real time,” Walker said.

Visa’s Stablecoin Platform

Visa launched its Stablecoin Platform on July 16, 2026. In its official announcement, the company described a beta for select clients that initially used Open USD. The platform announcement and the newly reported settlement pace do not, on their own, confirm a full commercial rollout.

Visa’s September 8 announcement is available through the company’s official newsroom release.

The company did not provide comparable prior-period settlement totals, a defined measurement window, or a breakdown by token, blockchain network, and region. Those details would provide additional context for evaluating the reported growth.

The more than $20 billion figure therefore represents a current annualized pace, not a completed-year settlement total. Visa’s disclosures indicate that stablecoin settlement is being used within parts of its card-payment infrastructure, while leaving the precise scale and composition of the activity unspecified.

Source: CoinLineup

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk.