Visa just plugged Monad into its stablecoin settlement rails. $MON shrugged.
Participating Visa issuers and acquirers can now settle obligations in stablecoins on Monad, the 10th-or-so chain in the program next to Ethereum, Solana, Base and others (Monad Foundation release, The Block, Unchained). Visa puts its run rate above $25B annualized, but that is network-wide, not Monad volume, and no issuers or stablecoins were named.
Binance perp at ~14:20 ICT: $MON ~$0.0162 (−2.4% 24h). The news wick hit $0.01736 and faded. Wilder RSI14: 4H 42.3 / 1D 32.1, still in a downtrend from ~$0.022.
Watch $0.0160. Losing it reopens the $0.01514 Nov 8 low. Bulls need a close back above $0.01736, then ~$0.0190.
Does real payments adoption ever show up in the token price, or is it priced in already?
Participating Visa issuers and acquirers can now settle obligations in stablecoins on Monad, the 10th-or-so chain in the program next to Ethereum, Solana, Base and others (Monad Foundation release, The Block, Unchained). Visa puts its run rate above $25B annualized, but that is network-wide, not Monad volume, and no issuers or stablecoins were named.
Binance perp at ~14:20 ICT: $MON ~$0.0162 (−2.4% 24h). The news wick hit $0.01736 and faded. Wilder RSI14: 4H 42.3 / 1D 32.1, still in a downtrend from ~$0.022.
Watch $0.0160. Losing it reopens the $0.01514 Nov 8 low. Bulls need a close back above $0.01736, then ~$0.0190.
Does real payments adoption ever show up in the token price, or is it priced in already?
