Visa: About 17% of Stablecoin-Linked Card Volume Comes From Business and Commercial Programs

The business and commercial share matters more than the headline volume growth: it suggests stablecoin rails are being tested for operational money movement — settlement, treasury, payouts, cross-border — rather than only consumer spending. Visa's card programs give that activity a familiar acceptance layer, which is why its own distribution, not crypto-native channels, may decide how quickly corporate use scales. Whether the commercial mix keeps climbing as more programs go live is the open question.