Monad joins Visa stablecoin settlement program, but Visa hasn’t confirmed it

Monad has become a settlement option within Visa's stablecoin program, according to a release from the Monad Foundation. Visa has not announced the addition itself, and the Foundation did not specify which stablecoins will settle on the network. Traders would read a payments giant's program touching a new Layer 1 as a credibility signal for Monad, though the lack of confirmation from Visa and the missing stablecoin details limit how much can be concluded.