Key Notes
- Participating Visa issuers and acquirers can now settle obligations in stablecoins on Monad.
- Weekend and holiday settlement builds on Visa’s existing stablecoin capabilities.
- A separate Lloyds pilot settled $750,000 with Visa and included weekend transfers.
Visa has added Monad to its stablecoin settlement network, giving participating financial institutions another blockchain for meeting payment obligations outside conventional banking hours.
The Monad Foundation announced the addition on November 10. It said participating issuers and acquirers can now settle Visa obligations in stablecoins on Monad. Issuers provide customers with cards, while acquirers handle card payments for merchants.
Weekend Settlement Builds on an Existing Service
The expansion adds a network option to Visa’s existing stablecoin infrastructure. The ability to move settlement funds on weekends and holidays was already part of the company’s offering before today’s announcement.
In its June 2025 announcement, Visa described extending stablecoin settlement to selected issuers and acquirers in Central and Eastern Europe, the Middle East and Africa. It said blockchain-based dollar transfers could support settlement 365 days a year, including weekends and holidays.
Settlement is the movement of money needed to complete financial obligations behind payment activity. It is separate from the approval a shopper sees at checkout. A card purchase can be authorized immediately even when the institutions involved move the corresponding funds later.
For treasury teams, more flexible settlement hours can reduce the time funds spend waiting for banking windows. Visa identifies liquidity management and lower settlement friction as potential benefits, although participating institutions still need to arrange funding and operational controls.
A Lloyds Pilot Demonstrated Weekend Transfers
Visa’s Lloyds pilot, announced on September 30, provides a concrete example. Over seven days, Lloyds settled $750,000 of live payment obligations with Visa using USDC purchased through regulated exchange Archax. USDC is a dollar-linked stablecoin, allowing the test to move dollar-denominated value over blockchain infrastructure.
The funds reached Visa in under an hour, including over a weekend. The payments were booked through Lloyds’ Corporate Markets branch in Jersey and transferred to Visa in the United States.
That test also connected different blockchain environments. Lloyds used its own Canton node, while Visa supported settlement on a separate public blockchain. Those results belong to the Lloyds pilot and do not establish transfer volumes or processing times for the new Monad option.
More Networks Broaden Institutional Choice
The addition follows Visa’s reported settlement growth to a $25 billion annualized run rate in its October earnings update. That measure extrapolates the pace of activity over a year, rather than representing total stablecoins processed during the fiscal year.
Visa’s wider business also includes stablecoin-linked cards, such as the miPlata prepaid card. That product converts stablecoins to fund ordinary card spending. The Monad announcement concerns the settlement infrastructure used by participating institutions.
The foundation’s initial statement did not identify participating banks, disclose Monad settlement volumes or specify which stablecoins each institution would use. It confirmed that the network is available as an additional settlement option.
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