On November 10, 2026, TechFlow reported, citing The Block, that Visa had added the Monad blockchain to its stablecoin settlement program. Under that arrangement, participating card issuers and acquirers can settle through Monad. This item is about which chain partners may use for settlement. It does not describe any stablecoin’s reserves, an attestation or audit, redemption terms, or insurance.
The Monad Foundation said Monad was joining blockchains Visa already supported for this purpose: Avalanche, Ethereum, Solana, Stellar, Circle’s Arc, Base, Canton, Polygon, and Tempo.
Dan Roesbery, described as Visa’s vice president of global on-chain partnerships and GTM, said in a statement that the aim was to let partners choose the blockchain that best fit their settlement needs. That is Visa’s stated rationale, as relayed in the report, not an independent assessment of how settlement works on each chain.
Visa reported that, as of September 2026, its stablecoin-settlement annualized run rate was $20 billion, with year-over-year growth of more than 15 times, and that more than 225 stablecoin-related card programs had launched globally. Those are Visa’s reported figures for settlement run rate and program count as of that date. The November 10, 2026 item does not identify which stablecoins were used, how they were backed, or on what terms holders could redeem them.
The Monad Foundation also said it was developing an institutional privacy feature, Private Settlement, expected in the months after this report. As described by the foundation, institutions could keep sensitive transaction details confidential and still share those details with auditors or regulators when needed. As of the November 10, 2026 report, that was a planned feature, not a claim that it was already available.
Adding a network gives participating issuers and acquirers another settlement route. On the facts reported here, it does not show that a stablecoin is fully reserved, audited rather than merely attested, guaranteed, or always redeemable at par. Chain availability and issuer obligations are separate questions.
Original article: TechFlow, November 10, 2026.
