Visa Stablecoin Settlement Run Rate: $20B or $25B?

Cryptopolitan and Bitcoin.com News both report Visa's USDPT settlement tie-up with Western Union via Anchorage, but cite different figures for Visa's September stablecoin settlement run rate and its year-over-year growth multiple.

Cryptopolitan and Bitcoin.com News both report Visa's USDPT settlement tie-up with Western Union via Anchorage, but cite different figures for Visa's September stablecoin settlement run rate and its year-over-year growth multiple.

What all sources agree on

• Visa and eligible partners can now settle VisaNet obligations in USDPT, Western Union's dollar stablecoin.
• USDPT is the first stablecoin issued by Anchorage Digital Bank to become a native settlement asset on Visa's network.
• Visa and Anchorage established a framework to explore/evaluate adding more Anchorage-issued stablecoins in the future.
• Anchorage Digital Bank N.A. is a federally chartered crypto bank overseen by the Office of the Comptroller of the Currency.
• Nathan McCauley, co-founder and CEO of Anchorage, said: "Stablecoins have made money move faster, but speed alone won't bring institutions onchain. They need a regulated institution behind the money."
• Dan Roesbery, Visa's vice president of global crypto partnerships and GTM/go-to-market, said USDPT gives partners 'another trusted, institution-grade option backed by a federally chartered bank.'
• Anchorage's issuance roster also includes USAT for Tether, USDGO for OSL Group, USDtb for Ethena Labs, fUSD for Falcon Finance and ZLUSD for Zelle.
• Anchorage operates Atlas, a counterparty network for off-exchange settlement, collateral management and cross-border transfers.

Where the reports disagree

1Visa's annualized stablecoin settlement run rate as of September

Visa said in September that its annualized stablecoin settlement run rate topped $20 billion, up more than 15-fold from a year ago.

Cryptopolitan 2026-11-12 21:32

As of September, Visa reported an annualized stablecoin settlement run rate of $25 billion and more than 225 active stablecoin-linked card programs globally.

Bitcoin.com News 2026-11-13 00:55

What would settle it: Visa's own public statement or investor disclosure stating its September stablecoin settlement run rate.

2Year-over-year growth multiple of Visa's stablecoin settlement run rate

Visa's annualized stablecoin settlement run rate topped $20 billion as of September, up more than 15-fold from a year ago.

Cryptopolitan 2026-11-12 21:32

Visa's stablecoin settlement run rate jumped 10x to $25 billion annually alongside 225+ card programs.

Bitcoin.com News 2026-11-13 00:55

What would settle it: Visa's own public statement or investor disclosure stating the year-over-year growth figure for its stablecoin settlement run rate.

What to make of it

Treat the core partnership details—USDPT becoming a native Visa settlement asset via Anchorage, and the quoted statements from McCauley and Roesbery—as established. Do not cite a specific figure for Visa's September stablecoin settlement run rate or its growth multiple until Visa's own disclosure is checked, since the two reports give different numbers for the same metric.

Treat the core partnership details—USDPT becoming a native Visa settlement asset via Anchorage, and the quoted statements from McCauley and Roesbery—as established. Do not cite a specific figure for Visa's September stablecoin settlement run rate or its growth multiple until Visa's own disclosure is checked, since the two reports give different numbers for the same metric.