Visa Advances Its Strategy for Stablecoin Payments
Visa Launches USDC Settlement: Visa Inc. has introduced USDC settlement in the U.S., allowing issuer and acquirer partners to settle transactions using Circle's USDC stablecoin, marking a significant step in modernizing global commerce settlement.
Benefits of USDC Settlement: This initiative enables faster fund transfers, operational resilience during weekends and holidays, and does not change the consumer card experience, enhancing treasury efficiency for financial institutions.
Initial Banking Participants: Cross River Bank and Lead Bank are the first to settle with Visa using USDC on the Solana blockchain, with plans for broader U.S. availability by 2026.
Expansion into Digital Payments: Visa has launched a Stablecoins Advisory Practice to further its digital payments strategy, with an annualized settlement activity reaching $3.5 billion as the stablecoin market grows.
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