Visa Adds Monad Ahead of Privacy Rollout

TLDR

• Visa has added Monad as a stablecoin settlement option for participating issuers and acquirers.
• Monad’s Private Settlement feature remains under development despite the network’s inclusion.
• Visa reported a $25 billion annualized stablecoin settlement run rate during its October earnings call.
• Category Labs designed Private Settlement to protect institutional transaction details while permitting authorized oversight.
• Visa previously announced a confidential settlement proof of concept with Brale on Canton.

Visa has added Monad as a stablecoin settlement option for participating card issuers and acquirers. The expansion comes before Monad’s planned institutional privacy system becomes operational.

The Monad Foundation confirmed the addition, according to a November 10 report by The Block. The option extends Visa’s multichain settlement approach without changing how consumers pay by card.

Monad Joins Visa’s Growing Settlement Network

Participating institutions can settle Visa obligations using supported stablecoins on eligible blockchains. These transfers can occur during weekends and holidays, outside conventional banking settlement windows.

Visa previously added Arc, Base, Canton, Polygon and Tempo to its settlement pilot in April. Its existing options also included Ethereum, Solana, Avalanche and Stellar.

The expansion follows accelerating activity across Visa’s stablecoin services. Visa CEO Ryan McInerney reported a $25 billion annualized settlement run rate on October 27. He described that pace as ten times the year-earlier level.

That figure measures the annualized pace across Visa’s program, not transactions processed on Monad. The available announcement provides no Monad-specific settlement total or named bank using the option.

Privacy Feature Remains a Future Capability

Monad’s addition precedes the launch of its proposed Private Settlement system. Category Labs introduced the design on October 6, according to the Monad Foundation.

The proposal would let institutions create encrypted execution environments while retaining access to shared network liquidity. Businesses could control their own validators and determine which records auditors and regulators can inspect.

However, the foundation explicitly described Private Settlement as a published design, not a live product. Its rollout timetable and production performance therefore remain unconfirmed.

That distinction matters because institutional settlement can involve confidential balances, counterparties, and treasury movements. Visa’s network support does not establish that Monad’s privacy system is operational.

Visa Has Already Tested Confidential Settlement Elsewhere

In June, Visa announced a separate proof of concept with Brale on the Canton Network. The companies aimed to test privacy controls for stablecoin settlement involving institutional payment obligations.

Visa and Lloyds Banking Group later completed a seven-day live settlement pilot in September. Lloyds settled $750,000 using USDC, with funds reaching Visa within an hour, including weekends. The pilot also tested interoperability between private and public blockchain environments. Blockonomi previously covered the completed Lloyds settlement pilot.

Separately, Reap announced plans in October to support Monad-based stablecoin card programs. That initiative concerns card infrastructure and does not establish live Visa settlement volumes on Monad.

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