CryptoWorld News reports that Visa's stablecoin settlement pilot expanded to nine blockchains on April 29, with an annualized settlement volume reaching $7 billion, a 50% increase from the previous quarter. Rubail Birwadker, Head of Global Growth Products and Strategic Partnerships at Visa, stated, "Our partners are building a multi-chain world, and they want their choices to reflect that reality." The newly added blockchains include Base, Polygon, Canton, Arc, and Tempo, each targeting different parts of the payments market. The stablecoin transfer volume processed by Polygon accounts for approximately 35% of global USD stablecoin transfers. Visa also plans to run validation nodes on Tempo, indicating that it not only uses blockchain infrastructure but also actively participates in its governance and operation.

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