Visa’s Stablecoin Volume Grew 10x in a Year: Which Stablecoins Benefit?

Visa's stablecoin settlement volume has reached a $25 billion run rate, growing 10x over the past year. The scale-up signals that major payment networks are increasingly routing real money through stablecoin rails, a structural tailwind for stablecoin issuers and the blockchains hosting them. Traders would read this as validation of stablecoin payment adoption, though the story names no specific tokens or chains.