Visa Integrates Stablecoin Settlements into Global Banking System

Visa's USDC Settlement Rollout: Visa is implementing USDC-based settlement for institutions in CEMEA, aiming to modernize cross-border payments by enabling 24/7 transactions without reliance on traditional banking hours or intermediaries.

Institutional Adoption of Stablecoins: Stablecoins are transitioning from being mere trading tools to becoming integral to institutional liquidity and settlement, with major players like Deutsche Börse integrating them into their services.

Regulatory Discussions Intensify: The rise of stablecoins in mainstream finance has prompted regulators, including the Basel Committee and the Bank of England, to reassess existing frameworks and risk assessments related to crypto exposures.

Long-Term Implications for Payment Systems: Visa's initiative signals a shift towards blockchain settlement in the payment industry, potentially leading to faster global transactions, reduced reliance on traditional networks like SWIFT, and a blended financial ecosystem.