Visa says business and commercial programs account for about 17% of the payment volume on its stablecoin-linked cards. That is still a minority of the total, but it is large enough to measure separately, which makes it more than a small experiment.
The figure comes from VisaNet data for fiscal 2026 to date. Visa uses its own internal classifications to decide which card programs count as business or commercial activity, so the 17% is a measure of the programs Visa knows about, not a complete view of every stablecoin payment in the market.
Business Use Is Becoming Measurable
Visa supports more than 160 stablecoin-linked card programs across consumer, business and commercial activity. Payment volume across those programs grew nearly 200% year over year, according to Visa.
The company did not provide the absolute value of that volume in the material reviewed. The growth figure also has a timing wrinkle. Visa’s release describes the data as fiscal 2026 year to date, while other coverage has described the increase as a fiscal second-quarter result. The available sources do not settle that difference.
Still, the direction is clear enough to explain why businesses are showing up in Visa’s stablecoin numbers. Mark Nelsen, Visa’s global head of product for commercial and money movement solutions, said companies are not looking for new payment technology simply for the sake of innovation. They want trusted and reliable ways to move money.
That is a fairly modest ambition, and a useful one. Stablecoins become more interesting when they are treated as payment infrastructure rather than as a new category to promote.
Payments, Payroll and Supplier Money
Visa points to settlement, treasury management, payouts and cross-border commerce as the business areas where stablecoins are drawing attention. Nelsen said stablecoins are entering conversations about supplier payments, treasury operations and cross-border commerce.
The categories are practical ones. Service fees account for the largest business payment category cited by Visa, at $56 billion. Payroll follows at $43 billion, and supplier payments at $28 billion.
These figures come from Allium research cited by Visa, rather than from VisaNet. The underlying report, published in September 2026, estimates annual stablecoin payments volume at between $401 billion and $527 billion.
The scale of the estimate should be read carefully. It describes the broader stablecoin payments market that Allium analyzed, not Visa’s stablecoin-linked card programs alone. The figures also do not show how much of the market uses Visa cards.
Still, the categories make the business case easier to understand. A company paying a service provider, running payroll or settling with an overseas supplier has a recurring need to move money. Stablecoins are being considered for those flows because Visa says businesses are exploring them as settlement and money movement tools.
Cross-Border Use Leads the Business Cases
B2B stablecoin payments had the highest cross-border share among the payment flows Allium examined. Forty-three percent of that volume crossed borders.
That result comes with a qualification. The analysis only included payment flows where geographic information was available. The figure is not a complete measure of every stablecoin payment, but it does point to one area where the technology is already being used for its geographic problem.
Cross-border business payments involve timing, currency handling and access to funds in different places. A stablecoin-based flow can make those steps part of one payment process. Whether it is cheaper, faster or more reliable for a particular company would depend on the route and the business, neither of which is quantified in Visa’s release.
Visa is expanding its work in this area through stablecoin settlement, Visa Direct pre-funding and payouts. The company is positioning those capabilities as connections between stablecoin activity and existing payment flows, rather than as separate consumer promotions.
What the 17% Does, and Does Not, Show
The 17% share is useful because it shows business and commercial programs contributing enough stablecoin-linked card volume for Visa to report them as a distinct part of the network. It is not proof that stablecoins have become the default choice for business payments, and the available figures do not show whether the share is rising from a prior year.
For crypto readers, the detail worth watching is the type of activity behind the number. Consumer use still makes up the majority of Visa’s stablecoin-linked card volume. Business programs are becoming a visible part of the rest, especially around supplier payments, treasury work and cross-border commerce.
For now, Visa’s message is less about a flashy new card and more about familiar money moving through a new rail. That may be the more durable sign of adoption.
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