Visa’s stablecoin settlement is annualizing at $7 billion and it’s up 50%—traditional finance giants are really secretly moving on-chain.

Crypto World News: Visa's net income for the second quarter of fiscal year 2026 reached $11.2 billion, a 17% year-over-year increase. The company's board of directors also approved a new $20 billion multi-year stock repurchase plan. Additionally, Visa's stablecoin settlement pilot has reached an annualized scale of $7 billion, a 50% increase from the previous quarter. As of April 29, the pilot has expanded to include nine blockchains, including Polygon and Base, and operates over 130 stablecoin-related card projects in more than 50 countries.