Visa launches stablecoin settlement in US via Circle’s USDC on Solana

Visa is expanding its stablecoin settlement capabilities in the U.S., allowing financial institutions to use Circle’s USDC for back-end payment flows running on the Solana blockchain. Cross River Bank and Lead Bank are among the initial participants, with further expansion planned throughout 2026. Visa stated this move is driven by banking partners seeking faster, programmable settlement options that integrate with existing treasury operations. This initiative follows other recent Visa efforts, including launching a stablecoin advisory practice and extending USDC-based payout pilots. The move also aligns with broader industry trends, such as the passage of the U.S. federal stablecoin framework (GENIUS Act) and the growing institutional interest in Solana, evidenced by JPMorgan's creation of a Solana-based token and infrastructure upgrades like Jump Crypto's Firedancer client.

(Source：The Block)