A new network option for institutions

The Monad Foundation announced on 10 November 2026 that Visa had added the Monad blockchain as a stablecoin settlement option. The foundation’s release includes confirmation from a Visa executive, and The Block reported the addition independently. Participating issuers and acquirers can use the network to settle eligible obligations with Visa. The change concerns the institutional movement of value behind payment activity. The announcement does not describe a new checkout requirement for cardholders or a universal change to how merchants receive funds.

How it differs from accepting a stablecoin payment

A consumer can make a card payment even when the institutions behind it settle with one another through a different system. Visa’s September announcement about a live test with Lloyds illustrates that separation. The institutions used stablecoins to settle a series of dollar obligations under the pilot. The merchant or cardholder experience is a different layer. For a Visa participant, the new decision is whether Monad fits an existing settlement operation, including the wallet infrastructure and processes that connect a completed blockchain transfer to internal treasury records.

The privacy feature has its own timetable

Monad described a planned Private Settlement capability intended to limit disclosure of sensitive information while allowing institutions to share details with auditors or regulators. That capability was described as forthcoming. The network option and the privacy roadmap therefore have different statuses. A treasury operation that requires confidentiality would need to assess the specific production controls, including who can view information and how disclosure is authorised. A public transaction record and a private reporting requirement can coexist only if the implementation provides a workable way to manage access.

What can change for settlement teams

Adding a network can expand the hours and routes available to a participant, but each route needs operating procedures. Institutions must know which token and address they are using, how much liquidity is available, when a transfer counts as settled, and how to respond if it fails. The foundation and trade coverage gave different figures for Visa’s September annualised settlement volume, so the scope of the integration is clearer than the volume comparison. The measurable next steps are participant usage, documented transaction handling and delivery of the planned privacy controls.

A bank that settles on several networks also needs an internal view of balances and obligations across them. The potential benefit of more routes depends partly on whether treasury staff can see and move the liquidity required for each settlement window.

Photograph credit

Archival photograph of the former Visa headquarters at 900 Metro Center Boulevard in Foster City, 6 May 2008. Photograph by Coolcaesar at en.wikipedia. CC BY-SA 3.0. Image unchanged. Source: https://commons.wikimedia.org/wiki/File:Old_Visa_Inc_headquarters.jpg . Licence: https://creativecommons.org/licenses/by-sa/3.0/

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Researched and published by CryptoGov Editorial Desk. Source publication and effective dates are explained in the article where relevant.