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Visa adds Monad to its stablecoin settlement network

Visa has added Monad to its stablecoin settlement network and extended settlements to weekends and holidays.

Illustration: An isometric scene of a phone with a plain coin on screen, a card terminal and a small shop counter.
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Visa, the payments company, has added Monad to its network for settling payments made in stablecoins. A stablecoin is a cryptocurrency designed to track the value of another asset, and settlement is the final step where money moves between the parties to a payment.

The company also extended settlements so they can run on weekends and holidays.

Visa$425.28up +8.65%over 1 month
$436.57$391.4314 Oct13 Nov

Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.

The move also raises questions about regulatory challenges and network reliability, even as it could help financial inclusion and growth in Africa.

$1,000 in Visa

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