Visa Stablecoin Settlement Volume Tops $20B Annualized as Usage Jumps 15x

Visa says its stablecoin settlement volume recently surpassed a $20 billion annualized run rate, up more than 15x year over year. The reading, disclosed in the context of Visa’s fiscal second quarter 2026, points to a sharp expansion in settlement activity across the payments company’s stablecoin infrastructure.

Data Snapshot

MetricCurrentPreviousChangePeriodAs ofSourceStablecoin settlement volumea $20 billion annualized run rate—up more than 15x year over yearrecently; Visa fiscal second quarter 2026 contextSeptember 8, 2026VisaStablecoin-linked card programsmore than 160——Visa fiscal second quarter 2026September 8, 2026VisaPayment volume on stablecoin-linked card programsnearly 200%—grew nearly 200% year over yearVisa fiscal second quarter 2026September 8, 2026VisaU.S. Visa stablecoin settlement volumemore than $3.5B in annualized stablecoin settlement volume——As of November 30, 2025December 16, 2025Visa

Settlement run rate

Visa says its stablecoin settlement volume recently surpassed a $20 billion annualized run rate in the context of its fiscal second quarter 2026.

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