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Visa has broadened its stablecoin settlement pilot to incorporate Polygon and four additional blockchain networks.
Visa has added Polygon, Base, Canton Network, Arc, and Tempo to its stablecoin settlement pilot.
KEY POINTS
- The pilot has reached an annualized settlement run rate of $7 billion, up 50% quarter over quarter.
- Visa is deliberately testing a wider array of Layer 2 and cross-chain settlement options for institutions.
- Visa expanded its partnership with Stripe’s Bridge for global stablecoin-linked card payments.
- US legislation like the GENIUS Act is providing clearer standards for payment stablecoins and on-chain settlement.
COMPANIES
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