Visa Stablecoin Settlement Tops $25 Billion Annualized Run Rate, Up 10x Year-Over-Year

Visa’s stablecoin settlement business crossed a $25 billion annualized run rate in the fourth quarter of fiscal 2026, a tenfold increase from a year earlier, the payments network disclosed in its fiscal fourth-quarter and full-year results on October 27. The figure measures the pace at which the company settles transactions on stablecoin rails, not the total value settled over the year, and it is the clearest public number yet for a business that Visa executives had previously described only in directional terms.