Visa Taps Monad for Stablecoin Settlement as Privacy Work Continues

Visa has added Monad as a stablecoin settlement option for participating issuers and acquirers, according to Blockonomi and The Block. The integration connects Visa’s payment network with Monad’s blockchain infrastructure, although the coverage does not specify which stablecoins, jurisdictions, or market participants are included in the initial offering. The agreement is not a completed privacy rollout. Blockonomi reports that Monad’s Private Settlement feature remains under development. It was designed by Category Labs to conceal institutional transaction information while still allowing authorized oversight, a mechanism that could shape how eligible issuers and acquirers use the settlement option. Both outlets corroborate the central announcement, with The Block attributing it to the Monad Foundation. Blockonomi adds the implementation status of Private Settlement and reports that Visa cited a $25 billion annualized stablecoin settlement run rate during its October earnings call. The Block does not include that run-rate figure in the supplied coverage, but neither outlet contradicts it.

The partnership places Monad within Visa’s broader stablecoin settlement efforts, where issuers and acquirers serve as the two named participant groups. The distinction between adding the settlement option and completing Private Settlement is important: the former is reported as available to participating organizations, while the latter is explicitly described as unfinished work.

Live market conditions were subdued during the report. Total crypto market capitalization stood at $2.5 trillion, the overall market was broadly lower, and Bitcoin declined 2.81% over 24 hours. The Fear and Greed Index registered 32, placing sentiment in the Fear category. The supplied market context does not identify a Monad-specific token or provide a coin-level price for the newly supported network.

The development matters because it gives participating Visa clients access to a settlement route tied to Monad while leaving its institutional privacy layer still in development. The next points to monitor are the completion of Private Settlement and any further clarification from Visa or the Monad Foundation about eligible participants and available stablecoins; the supplied information does not set a launch timetable or forecast market results.