Visa adds Monad as a stablecoin settlement option for issuers and acquirers

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Visa adds Monad as a stablecoin settlement option for issuers and acquirers

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Visa has added Monad as a stablecoin settlement option for participating issuers and acquirers, according to the Monad Foundation. The foundation also plans a privacy feature for the coming months.

Visa issuers and acquirers can now use Monad for stablecoin settlement, The Block reported on November 10. The Monad Foundation said Visa has added the blockchain as a stablecoin settlement option for participating issuers and acquirers.

Privacy feature planned for institutions

Privacy features are planned for the coming months. The foundation said the planned feature will let institutions keep settlement details private, while still allowing auditors and regulators to access them.

Source: The Block

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