Visa Begins Rolling Out Stablecoin Settlement in US

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]