The short version
- Visa stablecoin settlement now runs on Monad: participating issuers and acquirers can settle what they owe Visa in stablecoins on the Monad blockchain, Monad said on November 10.
- Monad joins a program that covered nine blockchains and a $7 billion annualized run rate in Visa’s April update; no bank or stablecoin for Monad has been named yet.
- MON sits at $0.01712, up 0.31% in 24 hours and about 65% below its all-time high: the market reads this as plumbing, not a pump.
Monad just got the kind of partner most young chains only put on a pitch deck. Visa stablecoin settlement now runs on Monad, the network said on X on Tuesday at 14:30 UTC (9:30 a.m. in New York): participating issuers and acquirers “can now settle Visa obligations in stablecoins on the Monad blockchain.”
MON barely moved. So what changed, and why is the chart so quiet? A quick run-down first:
- What: banks in Visa’s settlement program can pay or receive what they owe Visa in stablecoins over Monad.
- Who: “participating issuers and acquirers”; no bank has been named yet.
- Still open: which stablecoins, and how much volume will actually move this way.
Monad’s own post, with a short video:
🌐 @Visa is expanding stablecoin settlement to Monad
Participating issuers and acquirers can now settle Visa obligations in stablecoins on the Monad blockchain
What Does Visa Stablecoin Settlement on Monad Change?
It gives Visa’s banking partners one more road for the money they already move. Nothing changes at the checkout: cardholders still pay in dollars, and merchants still get paid as before.
The change sits behind the card swipe. Every day an issuer, the bank behind your card, owes Visa for what its customers spent, and Visa owes acquirers, the banks that pay merchants. That bill is usually paid by bank transfer on business days. In the stablecoin program, a bank can pay it in digital dollars on a blockchain instead, and a blockchain doesn’t keep bank hours.
Monad joins a busy list of Visa stablecoin settlement blockchains. In its April 29 update, Visa said it supported nine: Avalanche, Ethereum, Solana, Stellar, Arc, Base, Canton, Polygon and Tempo. It put the program at a $7 billion annualized run rate, up 50% in a quarter. For context, that is still a sliver of what Visa moves every year, and Visa has never said how it splits by chain.
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The Privacy Angle Is Still Half Built
Monad’s pitch to banks goes beyond speed. Raj Parekh, who works on payments at Monad and used to work at Visa, wrote on X that “with Monad’s new privacy features, Visa issuers and financial institutions can now settle transactions privately.”
That matters for banks. On a normal public chain anyone can read who paid whom and how much, which is not how banks like to run their books.
The feature behind it, though, is new. Category Labs, the team that built Monad, published Monad Private Settlement on October 6: encrypted domains that run on the Monad network and settle there. That post called it “a published design” that “is not yet live,” with early partners still being lined up. Neither Monad nor Parekh has said which part of it the Visa banks use today, so take the privacy claim as a direction more than a finished product.
SIDE TRAIL: Stripe Stablecoin Payouts Now Reach Crypto Wallets in 160+ Markets
MON Price: Adoption News, Small Candle
The Monad price is $0.01712 at the time of writing, up 0.31% in 24 hours, with a market cap of about $202.6 million. That is roughly 65% below its all-time high of $0.04883 from November 2025, and 34% lower than a month ago.
In other words, the market treated this as plumbing, not a pump. MON crypto holders get more activity on the chain, but Visa stablecoin settlement does not make banks buy MON: they settle in stablecoins.
The chart is still heavy. The 50-day moving average, a line that tracks where MON closed on average over 50 sessions, sits at $0.02345 on OKX, with the 200-day at $0.02396 just above it, both about 37% over the price. The floor is Sunday’s low at $0.01529. Holding that keeps the bounce of the past two days alive; a recovery toward $0.02 would be the first sign anyone is pricing in the Visa news.
The first named bank to settle on Monad would tell readers more than any candle today.
TRAIL MAP: Altcoins vs Bitcoin vs Stablecoins vs Memecoins
TANG has been trading crypto since 2017. The focus is technicals, DeFi and onchain data. On the chart, that means high-timeframe support, moving averages and momentum divergences. Onchain, it means regular checkups on where the data puts the cycle. TANG once ran CryptoJungle, a free community for researching and trading together, and brings that same spirit to Base Camp as one of its co-founders.
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