Visa launches USDC settlement for US banks on Solana blockchain
Visa has initiated USDC settlement for select US financial institutions on the Solana blockchain, with a wider rollout planned for 2026.Summary
Payment processing giant Visa has launched USDC settlement services for some United States-based financial institutions, beginning with Cross River Bank and Lead Bank, who are already settling transactions in USDC on the Solana blockchain. A broader rollout is anticipated in 2026. This move is part of Visa's broader strategy to modernize its settlement infrastructure, driven by demand from banking partners seeking faster, programmable settlement options. Visa is also a design partner for Circle's new Arc blockchain, which it plans to use for USDC settlements and by operating a network node. Furthermore, Visa recently launched a global Stablecoins Advisory Practice to assist banks and fintechs with stablecoin adoption, following previous expansions of stablecoin settlement into regions like Central and Eastern Europe, the Middle East, and Africa.
(Source：Cointelegraph)