Visa Opens The Floodgates — Stablecoin Payments To Span 4 Blockchains

Visa announced support for four new stablecoins across four blockchains, moving deeper into crypto payments. According to the credit card firm’s Q4 2025 earnings call, card spending tied to stablecoins has surged fourfold year-over-year. That kind of growth, company executives say, points to rising use of tokenized money on established payment rails.

Stablecoin Settlement Hits A $2.5 Billion Run Rate

Based on reports from the earnings call, Visa’s stablecoin settlement platform now handles conversions between two currencies and more than 25 fiat currencies, with monthly volumes running at an annualized $2.5 billion.

“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,” Visa CEO Ryan McInerney told investors on the company’s Q4 and year-end earnings call, Tuesday.

Since 2020, the company reports total crypto and stablecoin flows have topped $140 billion. Of that, over $100 billion was linked to direct card purchases of digital assets, while about $35 billion came from spending on digital assets through the card company’s credentials. Those figures suggest stablecoins are no longer an experiment inside the company.

Visa CEO Ryan McInerney said during the Q4 earnings call that the company plans to add support for four stablecoins. In the same quarter, Visa’s stablecoin-linked card spending increased fourfold year-over-year. Since 2020, Visa has processed over $140 billion in crypto and…

— Wu Blockchain (@WuBlockchain) October 28, 2025

Banks Can Mint And Burn Tokens On Visa’s Platform

The company is also opening up tooling for banks. The firm has enabled banks to mint and burn their own stablecoins on its Tokenized Asset Platform. Tests of pre-funding options for Visa Direct have been launched.

Reports say these features aim to give remitters, banks, and companies quicker and more flexible liquidity options. Payment delays, price swings and high costs in some corridors are named reasons for the trials, with a focus on areas where traditional fiat rails are slow or expensive.

The company named stablecoin partners including Paxos and cited support for USDG and PYUSD on blockchains such as Stellar, Avalanche, Ethereum, and Solana.

More than 130 stablecoin-linked Visa card programs now exist across 40 countries. Those programs combine blockchain rails with the firm’s network, allowing wallets and cards to interact with tokenized balances in ways that were uncommon a few years ago.

Reports indicate Visa’s consulting arm is working with clients on stablecoin setups, folding these services into a broader Visa-as-a-Service offering.

The company is also pushing tokenization for payments and using AI to improve fraud checks. Visa says over 16 billion tokens now power parts of the e-commerce transaction system, and those layers are being applied to protect both traditional and crypto-linked payments.

Analysts and industry watchers say the move targets remittances, B2B transfers and instant payouts for gig workers. By offering pre-funded rails and local stablecoin issuance, Visa aims to cut cost and time for cross-border transfers.

Featured image from Gemini, chart from TradingView