Visa Expands Stablecoin Support: Four Blockchains, Bank Mint-and-Burn Tools

Visa will add support for four stablecoins on four blockchains and give banks tools to mint and burn tokens.

CEO Ryan McInerney outlined the plan on Visa’s Q4 and year-end earnings call, citing measured usage for Visa stablecoin support and ongoing product work.

“We are adding support for four stablecoins running on four unique blockchains, representing two currencies that we can accept and convert to over 25 traditional fiat currencies,” McInerney said.

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Visa stablecoin support: four stablecoins on four blockchains

Visa will extend Visa stablecoins across four blockchains. The update adds capacity to accept two currencies and convert them into 25+ fiat currencies. The company did not name the new stablecoins or the chains.

However, Visa placed this step inside its broader stablecoin settlement build-out.

The expansion aims to keep Visa stablecoin support aligned with existing rails that issuers and acquirers already use. Therefore, partners can connect new assets without redesigning integration paths.

McInerney kept the scope clear on the call. He repeated that stablecoin on four blockchains will proceed as integrations finalize. Visa will share names and timing as each component goes live.

 

Visa stablecoin metrics: $140B flows and a $2.5B run rate

Since 2020, Visa reports $140 billion in crypto and stablecoin flows facilitated across its programs.

That figure reflects end-to-end activity supported by Visa pathways rather than projections.

Moreover, Visa stablecoins tied to card programs saw a fourfold increase in global consumer spending during Q4 versus the prior year’s quarter. The company linked this trend to wider partner adoption and steady throughput.

Monthly stablecoin settlement volume now exceeds a $2.5 billion annualized run rate. McInerney used the number to describe current velocity, not guidance. The metric situates Visa stablecoin support within observable demand.

Visa stablecoins and networks: USDC, EURC, PYUSD, USDG

Visa already supports USDC, EURC, PYUSD, and USDG. These Visa stablecoins operate on Ethereum, Solana, Stellar, and Avalanche inside existing programs. This network mix anchors stablecoin settlement with multiple routes.

Consequently, issuers can move balances across chains and settle back into fiat using established operations.

The new stablecoin on four blockchains is designed to extend that multi-chain posture rather than replace it.

Visa signaled continued issuer and acquirer integrations to keep reporting and reconciliation consistent. The plan keeps Visa stablecoin support tied to predictable cut-offs, fees, and audit trails.

Visa Direct cross-border and mint-and-burn on tokenized asset platform

In late September, Visa launched a Visa Direct cross-border pilot for banks and financial institutions. Participants can pre-fund corridors with USDC and EURC to improve payout timing across time zones. The move fits within stablecoin settlement workflows.

Pre-funding reduces reliance on daily cut-offs and simplifies liquidity planning. Institutions keep balances ready for outgoing payments, then reconcile inside Visa’s reporting stack.

The pilot focuses on the operational layer rather than new consumer products.

Additionally, Visa will enable mint and burn for banks through its tokenized asset platform.

McInerney said, “We are starting to enable banks to mint and burn their own stablecoins with the Visa tokenized asset platform, and we are adding stablecoin capabilities to enhance cross-border money movement with Visa Direct.”

This tool gives institutions program-level control over issuance and redemption.

Visa described ongoing work on the “solutions layer” to add practical features for clients and partners.

The immediate targets are Visa Direct cross-border flows and the mint and burn controls. Further additions will follow as integrations reach production.

Source details and named figures

The information comes from Visa’s Q4 and year-end earnings call and company disclosures. Ryan McInerney provided the quotes and metrics.

Key figures include $140B cumulative flows since 2020, a fourfold year-over-year rise in stablecoin-linked card spending in Q4, and a $2.5B annualized settlement run rate.

Current Visa stablecoin support includes USDC, EURC, PYUSD, and USDG on Ethereum, Solana , Stellar, and Avalanche.

The company did not disclose the four new stablecoins or the four new blockchains. The Visa Direct cross-border pilot uses USDC and EURC for pre-funding. The tokenized asset platform enables mint and burn for banks.