Visa has added Monad to its stablecoin settlement program, bringing the total number of supported networks to ten. Issuing and acquiring partners can now settle their positions on Monad without waiting for a bank transfer, which typically takes five business days. Visa’s program exceeds $25 billion in annualized settlement volume, ten times the level recorded a year earlier, and includes more than 225 active stablecoin-backed card programs. The Monad Foundation is preparing Private Settlement, a native privacy module that can conceal selected transaction details while disclosing them to auditors and regulators. Visa is also testing confidential settlement in SBC on Canton with Brale, while neither Tron nor BNB Chain is included among its supported networks.
Source: Read the original article
