Stablecoin settlement
Visa began settling with Crypto.com in USDC on Ethereum as a pilot in 2021. On 29 April 2026 it listed Ethereum among the nine blockchains of its stablecoin settlement pilot, then at a $7 billion annualised run rate across all of them, and added Base and Polygon the same day. Its production settlement began in December 2025. No Ethereum figure is published; the run rate is for every chain.
In the record
67
Months since it was first seen
8
Institutions of its kind in the record
Other market infrastructure deployments
- SwiftShared ledger recording interbank payments in banks' tokenized depositsAugust 2026
- BroadridgeProxy voting and investor communications for holders of tokenized US securities (ProxyVote)July 2026
- DTCCTokenized entitlements to securities held at DTC (DTCC Tokenization Service)July 2026
- MastercardStablecoin settlementJune 2026
