V · Earnings call · 2026Q3T · Full report

Stablecoin Payments Expansion

VISA INC. · 2026-10-27 · Importance null · Surprise 82

Visa said its stablecoin-prefunding and cross-border money-movement service through Visa Direct moved from pilot to commercial production, with U.S.-based payments infrastructure provider Inyo Global as its first live partner. Annualized stablecoin settlement volume exceeded $25 billion, up tenfold year over year, and Visa supports 10 blockchains across all five regions. The Visa Stablecoin Platform became available in the U.S., Mexico, Puerto Rico, Colombia, Switzerland, and the U.K., with a pipeline of more than 300 partners. Visa also reported more than 225 stablecoin-linked card programs, up over 70% year over year, and volume growth of more than 150% across five million cards in over 50 countries.

Key facts

• Visa plans to launch the world's first stablecoin-linked Visa Flex Credential with Norwegian Block Exchange in Europe.
• Visa Direct stablecoin prefunding and cross-border money movement moved from pilot to commercial production, with U.S.-based payments infrastructure provider Inyo Global as its first live partner.
• Visa stablecoin settlement run rate exceeded $25 billion in annualized volume, up 10 times year-over-year.
• Visa's Stablecoin Platform became available in the U.S., Mexico, Puerto Rico, Colombia, Switzerland and the U.K., with a pipeline of more than 300 partners.
• Visa was invited to the founding validator cohort for Circle's ARC, alongside its validator role on Tempo and super-validator role on Canton.
• Open USD went live on September 30, and its circulating supply exceeded $800 million through October 15.
• Visa had over 225 stablecoin-linked card programs, up more than 70% year-over-year, with volume growth of more than 150% across 5 million cards in over 50 countries.
• Visa supported 10 blockchains for stablecoin settlement, more than double the prior-year number, and operated in all 5 regions.