Visa launches $USDC stablecoin settlement in the U.S. using the Solana blockchain ...

Visa Inc has taken its recent stablecoin push a step further by launching a USDC settlement in the United States. This means that US issuer and acquirer partners are now authorized to settle with Visa in Circle’s USDC, a US dollar-pegged stablecoin. It announced this development on Dec. 16. Visa to Utilize Layer-1 Blockchain Arc Visa has hit a major milestone in the company’s stablecoin settlement pilot program and strategy to modernize its settlement layer underpinning global commerce. By leveraging the ...

Visa launches stablecoin settlement in US via Circle's USDC on Solana https://t.co/uhIHr3CaKq ...

美股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：山上 Visa宣布在美国推出USDC交割服务，标志着稳定币在主流金融服务中的整合取得重大进展。美国的发 卡机构和收单机构合作伙伴现在可以使用Circle的USDC与Visa进行交割。首批参与的银行包括Cross River Bank和Lead Bank，它们已经开始通过Solana区块链与Visa进行USDC交割，计划到2026年将扩大 可用范围。 ...

Visa Inc. announced on Tuesday it is set to allow stablecoin-based settlement across its US payments network broadening its suite of crypto-related services. The payments giant will allow US financial institutions to settle transactions using Circle Internet Group Inc.’s USDC stablecoin over the Solana blockchain. Faster Settlement for U.S. Banks? By allowing USDC settlement, Visa said it is offering banks and fintechs faster funds movement over blockchain networks, seven-day availability, and improved ...

Core Insights - Visa has initiated stablecoin settlement in the U.S., allowing partners to settle using Circle's USDC stablecoin [1][2] - The rollout includes Cross River Bank and Lead Bank, with more partners expected to join by 2026 [2][3] - The stablecoin settlement aims to enhance treasury efficiency and operational resilience for financial institutions [3][4] Visa's Stablecoin Settlement Features - USDC settlement offers near-instant funds movement and seven-day settlement availability [3] - The service is designed to integrate with existing treasury operations, improving speed and precision [4] - Visa's monthly stablecoin settlement volume has surpassed a $3.5 billion annualized run rate as of November 30 [5] Strategic Vision and Future Plans - Visa's CEO highlighted stablecoins as the next-generation settlement infrastructure in a recent letter to shareholders [5] - The company plans to support more stablecoins and blockchains on its settlement platform, aiming for a multicoin and multichain foundation [6] - A pilot program was announced to allow institutions to load stablecoins into Visa Direct for global disbursements [6]

Core Insights - GSP Resource Corp. has received hyperspectral analysis results indicating potential porphyry copper mineralization at the Alwin Mine and Mer properties, with further geochemical results pending [1][2]. Hyperspectral Study Details - The hyperspectral data from the Alwin Mine shows phengitic muscovite, suggesting a peripheral porphyry environment, while the Mer property indicates a higher temperature proximal porphyry environment with paragonitic muscovite [2][6]. - Chlorite compositions at Alwin-Mer reveal a pattern where magnesium-rich chlorite suggests a porphyry margin, contrasting with magnesium-iron chlorite indicating proximity to the core of a porphyry system [2][6]. Geological Interpretations - The presence of pale green phengitic muscovite and quartz-sulphide veins at Alwin reflects decreasing temperature and more neutral pH conditions towards the margins of the hydrothermal system [3]. - Similarities in muscovite compositions between Alwin and the Valley deposit suggest that Alwin may represent the upper parts of a deeper porphyry system [4][6]. - The higher temperature signatures at Mer, despite its distance from Valley, support the potential for an undiscovered porphyry system at Alwin-Mer [5][6]. Company Overview - GSP Resource Corp. is focused on mineral exploration and development in Southwestern British Columbia, owning 100% interest in the Alwin Mine and Mer properties [12].

Core Viewpoint - Increased merchant surcharges on American Express credit card purchases would negatively impact consumers, according to Amex's CEO Steve Squeri [1]. Group 1: Industry Context - The discussion around surcharges arose following a proposed lawsuit settlement by Visa and Mastercard with merchants, which could lead to more surcharging when premium cards are used [2]. - Visa and Mastercard's settlement involves ending the "honor all cards" rule, which previously required merchants to accept all cards from these networks, potentially leading to surcharges for premium credit cards [3][4]. Group 2: Company Position - Squeri emphasized that Amex aims to prevent discrimination against card members and views surcharging as detrimental to customer experience [5]. - American Express typically charges higher interchange fees, averaging between 1.43% to 3.3%, compared to Visa and Mastercard's average fees of 1.15% to 2.6% [5]. - The end of the "honor all cards" rule may not lead to merchants refusing expensive credit cards but could result in additional costs for customers using these cards at checkout [6]. Group 3: Potential Implications - The settlement could pose challenges for American Express due to its higher interchange fees compared to Visa and Mastercard, which may affect its competitive position in the market [7].

MassPay has announced the integration of Visa Direct into its proprietary orchestration platform, aiming to streamline and accelerate cross-border payouts for businesses. This move enables fast payments to cards, bank accounts, and digital wallets in over 200 markets. Traditionally, companies paying gig workers, marketplace sellers, or independent contractors across borders face a complex and slow process. Managing multiple relationships with banks, payment processors, and compliance providers in diffe ...

Core Viewpoint - The article discusses the anticipated mainstream adoption of AI-assisted shopping by 2026, driven by collaborations between payment giants and AI companies [6][8]. Group 1: AI-Assisted Shopping - Oliver Jenkyn, President of Visa's Global Market Group, predicts that AI-assisted shopping will become a part of everyday life by 2026, with interactive shopping through platforms like ChatGPT transitioning from niche to mainstream [6][8]. - The shift from "AI-assisted decision-making" to "Agentic Commerce," where AI fully manages payments and purchases, will take time due to consumer psychological barriers [8]. Group 2: Consumer Behavior - Current obstacles to adopting AI for shopping are not technological but rather stem from consumer habits, as many users prefer to maintain control over final payment decisions [8]. - Standardized and frequently purchased items, such as laundry detergent and coffee creamer, are expected to be the first categories where AI can successfully manage orders autonomously [8]. Group 3: Payment Giants' Strategies - In response to the upcoming paradigm shift, global payment giants are accelerating their positioning to capture consumer attention as they transition to chatbots as new entry points [10]. - Visa is engaging with all major industry players, while Mastercard has partnered with Microsoft, and PayPal has signed an agreement with OpenAI to integrate its digital wallet into OpenAI's chatbot [10].