Visa expands its stablecoin settlement pilot program to five new networks, including Arc, Base, and Canton.

CoinFeed reported on April 30th that, according to Decrypt, Visa has expanded its global stablecoin settlement pilot to five new networks: Arc, Base, Canton, Polygon, and Tempo, bringing the total number of supported networks to nine. Visa's annualized blockchain settlement activity has reached $7 billion, a 50% quarter-over-quarter increase. Visa stated that its partners are building in multi-chain environments and expect its options to reflect this reality. Visa currently operates over 130 stablecoin-linked card projects in more than 50 countries. Previously, Visa supported the Ethereum, Solana, Avalanche, and Stellar networks.