On November 10, 2026, the Monad Foundation announced that Visa has added support for the Monad network as a stablecoin settlement network. Participating Visa issuers and acquirers may now settle Visa obligations in stablecoins on Monad, a high-performance EVM Layer 1. The announcement does not name which issuers or acquirers are participating, nor does it specify which stablecoins will settle on Monad.

Why It Matters

Card settlement has traditionally run on a five-business-day schedule over banking rails. According to the Foundation release, settlement on Monad can reduce the operational friction of converting between stablecoins and fiat while enabling funds to move across weekends and holidays. Dan Roesbery, Vice President, Global Onchain Partnerships & GTM at Visa, said, “Adding support for Monad expands the options available to our partners and is another step toward building a multi-chain settlement infrastructure for stablecoin-enabled payments.” As of September 2026, Visa reported a $25 billion annualized stablecoin settlement run rate, up roughly 10x year over year, alongside more than 225 stablecoin-linked card programs live globally. Those figures describe Visa’s program-wide scale, not Monad-specific volume.

Monad joins a roster of blockchains Visa already supports for the program, including Avalanche, Ethereum, Solana, Stellar, Circle’s Arc, Base, Canton, Polygon, and Tempo. Visa announced support for the latter five in April 2026. On October 27, 2026, Visa chief executive Ryan McInerney said the company could support 10 blockchains, without naming them. The April release named nine. Neither Visa nor the Foundation has stated whether that October count already included Monad, so that point remains unconfirmed by the public materials. Because Monad is fully EVM-compatible, the Foundation release says, issuers and acquirers already using Ethereum-based custody, wallet, and compliance tooling can typically extend those integrations to Monad rather than building new ones. The release’s About Monad section states that the network delivers 10,000 TPS, 400 ms block times, and 800 ms finality; Monad’s current documentation lists 10,000+ TPS as capacity, 300 ms block time, and 600 ms finality. Sub-second finality enables transactions to be settled moments after submission, giving acquirers more predictable settlement cycles, the Foundation release notes.

Monad’s Private Settlement functionality is not yet live. Keone Hon, Co-Founder and GM, Monad Foundation, said, “Stablecoins are increasingly becoming part of the infrastructure that institutions use to move money, and settlement is where the benefits of always available onchain infrastructure become especially clear.” In the same statement, he added, “The next phase will be defined by whether institutions can keep sensitive flows confidential without leaving open networks.” The Foundation release says that in coming months, Monad’s Private Settlement will enable institutions to keep sensitive transaction details confidential while retaining the ability to share them with auditors and regulators. The functionality is designed to run directly on the network so private activity can remain connected to the same liquidity as everything else on the network. Our interpretation is that institutional 24/7 stablecoin settlement rails on a chain that also hosts perpetual futures may eventually matter for how capital can move, including around weekends, but this announcement does not establish a change in perp liquidity, open interest, or LeverUp access. LeverUp has not announced any Visa integration, partnership, or participation in this settlement program. Private Settlement is distinct from Nullmask’s already-live user-facing shielded pool, which is covered in Nullmask Extends Its ZK Privacy Protocol to Monad.

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On LeverUp, perpetual futures trade through a protocol-managed virtual liquidity architecture.