"Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa, stated that the expansion reflects how partners operate today. He emphasized that our partners are building in a multi-chain world, and they expect their options to reflect that reality."
"Each newly added blockchain serves a different segment of the payment market. Arc targets programmable commerce and real-time settlement using USDC, while Base focuses on fast, low-cost transactions for stablecoins and onchain assets."
"Jesse Pollak, founder of Base, described the move as a step toward making stablecoin payments a daily reality for billions of people, highlighting the potential impact on everyday transactions."
Visa's stablecoin settlement pilot achieved a $7 billion annualized run rate in April 2026, marking a 50% increase from the previous quarter. The program now supports nine blockchains, including Polygon, Base, and Arc, and covers over 130 card programs in more than 50 countries. The expansion allows issuers and acquirers to settle VisaNet obligations directly in stablecoins. Each new blockchain caters to different payment market segments, enhancing Visa's multi-chain capabilities and reflecting the operational realities of its partners.
Read at news.bitcoin.com
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