Visa Selects Polygon For Global Stablecoin Settlement

Visa Adds Polygon to Its Multi-Chain Settlement Network

Visa has officially added @0xPolygon to its global stablecoin settlement program, giving its issuer and acquirer partners a new route to settle obligations using blockchain infrastructure. According to a Visa press release, the payments giant is adding five blockchains in total — Arc, Base, Canton, Polygon, and Tempo — bringing the number of supported networks to nine. Polygon joins an existing lineup that already includes Avalanche, Ethereum, Solana, and Stellar.

The move is part of a broader multi-chain push by Visa. "Our partners are building in a multi-chain world, and they expect their options to reflect that reality," said Rubail Birwadker, Visa's Global Head of Growth Products and Strategic Partnerships. Polygon was selected in part for its throughput and cost profile — the network is described in Visa's own documentation as "a leading blockchain payments solution that enables fast, low-cost transactions" for global payments and digital commerce.

Marc Boiron, CEO of Polygon Labs, framed the integration as a broader inflection point: "Visa adding Polygon signals that stablecoins are moving into real world payments at scale."

Settlement Volume Hits $7B Annualized Run Rate

The Polygon integration comes alongside a significant volume milestone. Visa's stablecoin settlement pilot has reached a $7 billion annualized run rate, up 50% from the prior quarter, reflecting growing appetite from financial institutions, fintechs, and payment providers for blockchain-based settlement rails.

The integration connects Visa partners to the "Open Money Stack" — Polygon's cross-border payments infrastructure designed to enable instant, programmable stablecoin transfers. The stack combines onchain orchestration, wallet infrastructure, and compliance tooling to move funds globally with near-zero transaction costs and predictable fees. The Open Money Stack was previously covered by BSCN as part of Polygon's push to bring cross-border payments fully onchain.

Polygon's network credentials help make the case for institutional adoption. According to data cited by Phemex, Polygon handles approximately 34% of all USD stablecoin transfers and 54% of USDC transfers, and already serves as settlement infrastructure for major names including Stripe, Revolut, and BlackRock.

Visa's stablecoin settlement program has been active across more than 50 countries and now supports over 130 stablecoin-linked card programs. The program, which began with USDC on Ethereum in 2021, expanded to Solana in 2023, and the addition of Polygon marks its third major network integration focused on institutional-grade performance.

Sources:
Visa Investor Relations – Visa Accelerates Stablecoin Momentum
CoinDesk – Visa Expands Stablecoin Settlement Network
The Block – Visa Stablecoin Settlement Hits $7 Billion Run Rate

Related News:
Open Money Stack: How Polygon Is Bringing Cross-Border Payments Fully Onchain – BSCN
Polygon Analysis: Scaling Ethereum with Multi-Chain Tech – BSCN