$20 billion — that's the current annualized scale of Visa's stablecoin settlement business. According to The Block, behind this figure lies a year-over-year growth rate of more than 15x — not 15%, but 15 times.
By comparison, Visa's overall payment volume grew nearly 200% year-over-year — an equally striking figure, but the two numbers point to different dimensions: one reflects the scale expansion of stablecoin settlement volume itself, the other reflects the growth rate of payment volume. The Block's report doesn't further break down the relationship between these two figures, nor does it disclose specific settlement transaction counts, the types of stablecoins involved, or use cases.
From the available material, only these two outcome figures — scale and growth rate — can be confirmed. Other details, including the specific business lines driving this growth, regional distribution, or customer composition, were not mentioned in the report.
