Visa Introduces USDC Settlement for U.S. Banks via Solana Network

Visa's Stablecoin Initiative: Visa has enabled stablecoin settlement in the U.S. using USDC, allowing banks to settle obligations via blockchain while maintaining existing card workflows, enhancing speed and operational flexibility in institutional payments.

Solana Blockchain Support: The USDC settlement will utilize the Solana blockchain, known for its fast transaction finality, with Cross River Bank and Lead Bank already participating, and broader availability planned through 2026.

Growing Demand from Banks: Visa's expansion into stablecoin settlement is driven by banks seeking faster, programmable options that integrate with their treasury operations, improving liquidity planning and efficiency.

Partnership with Circle: Visa is deepening its collaboration with Circle by supporting the Arc blockchain, which aims to facilitate large-scale commercial activities and will be used for future USDC settlements.