Skip to the article
Web3 Hub

Markets, protocols and policy, reported

Visa adds Monad as stablecoin settlement option

Visa added the Monad blockchain as a settlement option for participating issuers and acquirers, while Monad says a privacy feature is due in coming months.

By Web3 Hub Newsroom2 min read

Visa adds Monad as stablecoin settlement option

Visa added the Monad blockchain as a settlement option for participating card issuers and acquirers on Nov. 10, giving them another network for settling Visa obligations in stablecoins, according to Unchained’s report on the Monad Foundation announcement. Visa executive Dan Roesbery said the addition expands the options available to its partners.

Who can settle through Monad?

Participating issuers and acquirers in Visa’s stablecoin settlement program can use Monad, The Block reported. The announcement did not name any firms that have begun settling through the network or specify which stablecoins will be used there.

Visa’s program already included Avalanche, Ethereum, Solana and Stellar, as well as Arc, Base, Canton, Polygon and Tempo, according to The Block. The outlet reported that blockchain settlement can allow funds to move on weekends and holidays, while traditional card settlement follows a five-business-day banking schedule, citing the Monad Foundation.

What will Monad’s privacy feature do?

Monad is developing Private Settlement, a feature intended to keep sensitive transaction details private while allowing institutions to share them with auditors or regulators, The Block reported, citing the foundation. The feature is expected to reach Visa’s partners in the coming months; it is not yet live, Unchained reported.

The foundation said the feature is being built into Monad, allowing private transactions to use the network’s shared liquidity. The announcement did not give a specific launch date.

What remains undisclosed?

Neither the announcement nor the reports identified which Visa partners will use Monad or which stablecoins they may settle there. Visa had not published its own announcement as of Unchained’s report on Nov. 10.

The next stated milestone is the planned rollout of Private Settlement to Visa partners in the coming months. The foundation has not set a date for that release.

References