Visa opens USDC settlement services to U.S. banks through Solana.
2025-12-17 03:30
According to Odaily Planet Daily, Visa has begun allowing US banks and payment partners to settle transactions in the United States using the dollar-backed stablecoin USDC.
Cross River Bank and Lead Bank are among the first institutions to use Visa USDC settlement services via the Solana blockchain, with Visa planning to roll out the service more widely in 2026.
Visa stated that this move aims to provide participating banks with faster fund transfers and a seven-day settlement window, without altering the consumer card user experience. As of November 2025, the company's annualized stablecoin settlement volume exceeded $3.5 billion.
