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VisaIn development

Alliance with SoFi shows stablecoins can offer an alternative blockchain-based settlement system

What happened

Visa is expanding its stablecoin settlement pilot program, which has reached an annualized rate of $7 billion, by adding compatibility for nine blockchains.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

Stablecoins are increasingly being used to settle payments behind existing card networks, allowing money to be moved 24/7 without changing how consumers pay. But, instead of excluding Visa, Mastercard, or banks from the process, the technology is beginning to replace a more specific part of the payments infrastructure: the traditional banking systems used to settle obligations between participants. That shift was in the spotlight this week, when SoFi began settling debit and credit card transactions with Mastercard using its SoFiUSD stablecoin. The bank said it is moving its entire card program - which it expects to process over 25 billion dollars in annualized volume - to this system. The change does not remove intermediaries from the card settlement process, a SoFi spokesperson told Cointelegraph, but it provides an alternative blockchain-based settlement system. For customers, the change largely happens behind the scenes. SoFi cardholders will continue to use their debit and credit cards as normal, while moving the process on-chain allows the bank to settle transactions faster, according to the spokesperson. Visa is also moving settlement on-chain. In April, the company said its stablecoin settlement pilot program had reached an annualized rate of 7 billion dollars by expanding compatibility to nine blockchains, and described blockchain-based settlement as a "viable...

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Extracted by Autobound

From the Signal API record
Event
In development

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Amount named
$7B
Product
stablecoin settlement pilot program

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The full record

From the Signal API record

Numbers

Amount named in the story
$7B

Topics and mentions

Product tags

  • online technology
  • general technology
  • future tech

Extraction

Confidence
80%
Detected
Sep 24, 2026
signal_type
news
signal_subtype
is_developing

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/5753e3c1-a690-9009-a3ab-71d76d8bec6f returns this record as JSON. POST /v1/companies/enrich returns every signal for visa.com.

{
  "signal_id": "5753e3c1-a690-9009-a3ab-71d76d8bec6f",
  "signal_type": "news",
  "signal_subtype": "is_developing",
  "detected_at": "2026-09-24T15:54:46+00:00",
  "company": {
    "name": "Visa",
    "domain": "visa.com"
  },
  "data": {
    "url": "https://es.tradingview.com/news/cointelegraph:f2956553909cd:0/",
    "title": "Alliance with SoFi shows stablecoins can offer an alternative blockchain-based settlement system - TradingView",
    "excerpt": "Stablecoins are increasingly being used to settle payments behind existing card networks, allowing money to be moved 24/7 without changing how consumers pay. But, instead of excluding Visa, Mastercard, or banks from the process, the technology is beginning to replace a more specific part of the payments infrastructure: the traditional banking systems used to settle obligations between participants. That shift was in the spotlight this week, when SoFi began settling debit and credit card transactions with Mastercard using its SoFiUSD stablecoin. The bank said it is moving its entire card program - which it expects to process over 25 billion dollars in annualized volume - to this system. The change does not remove intermediaries from the card settlement process, a SoFi spokesperson told Cointelegraph, but it provides an alternative blockchain-based settlement system. For customers, the change largely happens behind the scenes. SoFi cardholders will continue to use their debit and credit cards as normal, while moving the process on-chain allows the bank to settle transactions faster, according to the spokesperson. Visa is also moving settlement on-chain. In April, the company said its stablecoin settlement pilot program had reached an annualized rate of 7 billion dollars by expanding compatibility to nine blockchains, and described blockchain-based settlement as a \"viable...",
    "product": "stablecoin settlement pilot program",
    "summary": "Visa is expanding its stablecoin settlement pilot program, which has reached an annualized rate of $7 billion, by adding compatibility for nine blockchains.",
    "planning": true,
    "image_url": "https://s.tradingview.com/static/images/illustrations/news-story.jpg",
    "confidence": 0.8,
    "product_data": {
      "name": "stablecoin settlement pilot program",
      "full_text": "its stablecoin settlement pilot program",
      "fuzzy_match": false
    },
    "product_tags": [
      "online_technology",
      "general_technology",
      "future_tech"
    ],
    "published_at": "2026-09-24T15:54:46Z",
    "article_sentence": "In April, the company said its stablecoin settlement pilot program had reached an annualized rate of 7 billion dollars by expanding compatibility to nine blockchains, and described blockchain-based settlement as a \"viable complement to traditional settlement systems.\"",
    "amount_normalized": 7000000000
  }
}

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