Visa rolls out USDC settlement in the US, advancing blockchain-based payments

Visa has expanded its stablecoin settlement capabilities to American issuers and acquirers, allowing them to settle transactions in USDC, a stablecoin issued by Circle, over the Solana blockchain. This rollout builds on Visa's global pilots and follows the network reaching an annualized run rate of $3.5 billion in stablecoin settlements. Banks like Cross River Bank and Lead Bank have already started settling using USDC via Solana, with Visa planning to expand access across the US through 2026. The new solution promises benefits such as seven-day availability, faster settlement cycles, and improved liquidity management for banks and fintech partners without altering the cardholder experience. Visa executives noted that this move addresses the demand from financial institutions for fast, programmable settlement tools that integrate with existing treasury systems, ensuring security and compliance.

(Source：Crypto Briefing)