Visa stablecoin-linked card payments grow 200% year-over-year

Visa has reported a nearly 200% year-over-year increase in payment volume across its stablecoin-linked card programs. The company currently supports more than 160 such programs globally, spanning consumer, business, and commercial markets.

Data from VisaNet indicates that business and commercial card programs accounted for approximately 17% of the total stablecoin-linked card volume during fiscal 2026 year-to-date. Companies are increasingly utilizing stablecoins for purposes such as settlement, treasury management, disbursements, and cross-border commerce.

Visa previously announced that its stablecoin settlement volume had surpassed an annualized run rate of $20 billion, representing a more than 15-fold increase compared to the previous year. Additionally, through collaborations with entities like Credit Coop, the company has utilized on-chain credit to support working capital for stablecoin-linked card issuers, with cumulative settlement amounts exceeding $2.5 billion since 2023.