Visa Stablecoin Payments Surge 200% Year-Over-Year, Business Volume Hits 17%

Visa has seen a significant surge in stablecoin-linked card payments, with a 200% year-over-year growth in payment volume across its network. The company reported that more than 160 consumer and business programs operate worldwide, with business and commercial programs generating approximately 17% of Visa's stablecoin-linked card volume during fiscal 2026. This growth is reflected in the company's stablecoin settlement volume, which has recently passed a $20 billion annualized run rate globally.

According to Allium, stablecoin payments reached between $401 billion and $527 billion through August 2026 globally. The research separates payments from the much larger amount of stablecoins moving between exchanges, DeFi applications, trading accounts, and blockchain infrastructure.

Visa is expanding its services to support the growing demand for stablecoins in business payments. The company has introduced the Visa Stablecoin Platform, an enterprise product for banks, fintech companies, and crypto businesses, and has been developing the settlement side separately. The platform supports Open USD and provides tools for holding, transferring, minting, and redeeming stablecoins within a Visa-managed environment.