Visa says payments on stablecoin-linked cards have nearly tripled in a span of one year. A growing share of that activity now comes from business users.
Visa published the new data on October 1, 2026. The payment company revealed how much of the stablecoin card activity on its network comes from business and commercial programs. Namely, Visa said about 17% of stablecoin-linked card volume in fiscal 2026 to date came from those programs. The figure is based on VisaNet data and on Visa’s own internal card program classifications.
The card network now supports more than 160 stablecoin-linked card programs across consumer, business and commercial cards. Payments volume across these programs has grown nearly 200% year over year. Visa says businesses are exploring stablecoins for settlement, treasury management, payouts and cross-border commerce.
Visa did not publish absolute dollar amounts for the card volume or regional usage data, so more detailed analysis of the stablecoin payments growth is limited. At the same time, Visa’s quarterly payments volume crossed $4 trillion for the first time this year and grew 10% year over year in constant dollars, so stablecoin cards are still a small slice of that global network.
Visa’s release also cites more general research from Allium, which estimates annual stablecoin payments volume at $401 billion to $527B. Among the payment flows Allium analyzed, B2B payments had the highest cross-border share, covering 43% of volume. Business stablecoin payments use cases are mostly concentrated in service fees, payroll transactions and payment to suppliers.
Visa has earlier mentioned parts of these findings while announcing its onchain lending initiatives. This type of stablecoin-linked activity, the company believes, is the fastest-growing segments of digital finance.
“Stablecoins are not only changing how money moves, they’re creating opportunities to rethink the financial infrastructure that supports payments. We’re seeing how trusted payment data and onchain technologies can work together to unlock new forms of liquidity, helping businesses access capital in ways that are more transparent, programmable and aligned to the speed of modern commerce.”
Rubail Birwadker, Global Head of Growth Products and Partnerships, Visa
Stablecoin card spending is forecast to grow 4x in the next few years.
