Monad Is Now a Settlement Option in Visa’s Stablecoin Program

Monad , a Layer 1 (base-layer) blockchain, is now one of the networks that banks and payment firms in Visa’s stablecoin settlement program can use to settle with Visa in stablecoins, the Monad Foundation announced on Tuesday in a release that quotes a Visa executive. Visa had not published its own announcement as of publication. Monad’s official X account (@monad) said that the option is live. The release does not say which stablecoins will settle on Monad, and it names no participating card issuers or acquirers. Acquirers are the banks and payment companies that process card payments for merchants. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter .

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