On November 10, 2026, ChainCatcher reported, citing The Block, that Visa had added the Monad blockchain to its stablecoin settlement program. Card issuers and acquirers already in the program can settle over that network.
The reported change is about the settlement rail, not about reserves or redemption. Conventional card settlement follows a five-business-day banking calendar. Blockchain settlement in Visa’s program, as described in the report, lets funds move on weekends and holidays. Nothing in the item equates that scheduling difference with an audit, an attestation of reserves, deposit insurance, or a promise that any stablecoin will keep a market price or remain redeemable.
The Monad Foundation said Monad joined blockchains Visa already supported: Avalanche, Ethereum, Solana, Stellar, Circle’s Arc, Base, Canton, Polygon, and Tempo. Support for the last five—Arc, Base, Canton, Polygon, and Tempo—had been announced in April 2026.
Dan Roesbery, Visa’s vice president of global on-chain partnerships and go-to-market, said the aim was to let partners choose the network that best fit their settlement needs. He described support for Monad as a wider set of options and a further step toward multi-chain infrastructure for stablecoin payment settlement.
The volume figures in the report are dated to September 2026. Visa disclosed that, as of that month, the annualized run rate of its stablecoin settlement was $20 billion, more than 15 times the year-earlier level, and that more than 225 stablecoin-related card programs had launched worldwide. Those are Visa’s figures for settlement activity. The report does not present them as an audit or attestation of any issuer’s reserves.
Monad was developing an institutional privacy feature called Private Settlement, which the report said was expected to launch in the months after the November 2026 item. The stated design would let institutions keep sensitive transaction details confidential and share those details with auditors or regulators when needed. The feature was described as built directly into Monad, with private transactions able to use the same liquidity as other transactions on the network and without slowing settlement. Those are design claims attributed in the report, not independently verified results.
Keone Hon, co-founder and general manager of the Monad Foundation, said the next phase would depend on whether institutions could keep sensitive fund flows confidential without leaving an open network.
The report also said Visa had earlier explored privacy settlement on Canton. In June it announced a proof of concept with stablecoin issuer Brale to test settlement with Brale’s dollar-backed SBC token. That was described as a test of settlement, not as a completed reserve audit or a statement that SBC is insured or always redeemable.
Original report: ChainCatcher, November 10, 2026.
