#VisaAddsMonadSettlement

About VisaAddsMonadSettlement

The Monad Foundation said on Nov 10 that Visa added Monad to its stablecoin settlement network, allowing participating issuers and acquirers to settle on the chain. Visa reported support for 10 networks and five stablecoins in October, with annualized settlement volume above $25B, up from ~$7B in April. Monad expands institutions’ onchain settlement options, but participating institutions and actual settlement volumes on the network have not been disclosed.