Visa will allow U.S. institutions to use USDC for transaction settlement via the Solana blockchain.

Odaily Planet Daily reports that payment giant Visa is opening its US network to support stablecoin settlements, a move aimed at expanding its cryptocurrency-related products and services. Visa will reportedly allow US institutions to use Circle Internet Group Inc.'s USDC token for transaction settlements via the Solana blockchain. Cross River Bank and Lead Bank are among the first institutions to use the service. (Bloomberg)