Market News

Visa Embraces Circle’s USDC for Stablecoin Settlements Among US Financial Institutions

Visa has officially launched its stablecoin settlement service in the United States, utilizing Circle’s USDC on the Solana Blockchain.

This marks a significant development as Visa enhances its settlement capabilities for local financial institutions, allowing direct settlements in USDC for the first time.

Initial adopters such as Cross River Bank and Lead Bank have commenced transactions via this innovative stablecoin framework, which is expected to expand widely through 2026.

Visa representatives highlighted the advantages of faster fund movements, around-the-clock availability, and increased operational durability, all without altering the consumer card experience.

Additionally, Visa plans to incorporate a new Layer 1 blockchain developed by Circle, known as Arc, to bolster USDC settlements once it becomes operational.

The establishment of a dedicated Stablecoin Advisory Practice aims to provide insights and strategies for banks and fintechs as they transition to stablecoin solutions.

This advisory service will offer market research, implementation strategies, and compliance guidance, signifying the growing adoption of stablecoins in mainstream finance.

Overall, Visa's expansion into stablecoin settlements reflects an increasing interest from financial institutions striving for improved treasury operations and payment efficiencies.

With over 130 stablecoin-linked programs in more than 40 countries, Visa is positioning itself as a leader in the digital currency space, adapting to the demands of modern financial ecosystems.

As the stablecoin market matures, innovations like these by Visa provide essential pathways for institutions to explore the potential benefits of incorporating digital currencies into their operations.