# Visa Plans Stablecoin Settlements on Solana as Western Union Expands By John Kim Canonical URL: https://www.tokenpost.com/news/business/27668 Published: 2026-10-08T00:08:07.000Z Updated: 2026-10-08T00:08:07.000Z Section: Business > Western Union launched a wallet and Visa-linked card across 37 markets in August for its U.S. dollar-backed stablecoin. Visa plans to conduct stablecoin settlements on Solana, extending the network’s role in digital payments as Western Union expands access to a dollar-backed stablecoin through a wallet and card product. Western Union launched the wallet and Visa-linked card across 37 markets in August. The product uses a U.S. dollar-backed stablecoin and connects digital balances with card payments. Solana is a high-speed, cost-effective blockchain infrastructure attractive for applications including stablecoin settlements. Visa’s planned activity would add settlement operations to the blockchain’s payment-related use cases. Stablecoin payments still rely on more than blockchain transactions. Users need mechanisms to redeem digital dollars, access local currencies and connect with traditional banking systems. Compliance requirements and the movement of funds through established payment rails remain part of the process. The developments come as [stablecoin cross-border flows rise to $220.3 billion](). Payment companies are building products that connect digital-dollar balances with wallets, cards and existing financial infrastructure. ## Links in this article - [stablecoin cross-border flows rise to $220.3 billion](https://www.tokenpost.com/news/business/23299)