Visa stablecoin settlement tops $20B annualized run rate

This signals that stablecoins are moving beyond speculative trading into mainstream payment rails, with Visa's infrastructure now processing meaningful settlement volume. The 15x growth suggests enterprise adoption is accelerating, not just retail usage. The key question is whether this pace reflects durable demand or temporary network effects from a few large issuers. Watch whether other card networks report similar trajectories, as that would confirm a structural shift in cross-border settlement rather than a Visa-specific tailwind.