Visa Adds Polygon To Stablecoin Pilot As Settlement Hits $7B Run Rate

Visa has addedPolygon(POL) to its global stablecoin settlement pilot, opening another rail for card issuers to clear funds outside banking hours.

Visa Stablecoin Pilot Expansion

The payments giant disclosed the move in an Apr. 29 announcement, with CoinDesk and PYMNTS confirming the rollout. Polygon arrives alongside Base, Canton Network, Circle's Arc and Stripe-backed Tempo.

That brings the program to nine chains, building on existing support for Ethereum(ETH), Solana(SOL), Avalanche and Stellar.

Visa said the pilot's annualized settlement run rate climbed 50% in a single quarter to $7 billion, up from roughly $4.7 billion. The company also runs more than 130 stablecoin-linked card programs across over 50 countries.

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Marc Boiron On Real-World Payments

Polygon Labs chief executive Marc Boiron said the deal shows stablecoins are moving into real-world payments at scale.

The integration matters for fintech issuers because card authorization is instant, while settlement still waits on ACH, Fedwire and SEPA windows. Polygon gives partners a way to clear card flows on weekends and holidays, trimming the prefunding and collateral that sit idle on bank balance sheets.

The chain's pitch leans on volume. Polygon recently handled a large share of USD stablecoin transfers, with finality near five seconds and steady fees during peak hours. It already settles activity for Stripe, Revolut, Mastercard and BlackRock.

Visa's stablecoin push has gathered pace through 2026, with the pilot doubling in run rate over two quarters and USDC settlement reaching U.S. banks earlier this year.

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