Visa is expanding its stablecoin pilot to include settlements in the United States using Circle's USDC on the Solana blockchain.  The expansion will allow U.S. acquirer and issuer partners of the payments giant to settle in USDC, starting with initial banking partners Cross River Bank and Lead Bank. The firm is expecting a broader rollout in 2026.  “Visa is expanding stablecoin settlement because our banking partners are not only asking about it—they’re preparing to use it,” said Visa’s Global Head of Grow ...

Stablecoin Adoption - Visa is enabling U S banks to settle payments in Circle's USDC on Solana, indicating a step towards mainstream stablecoin adoption [1] - Cross River Bank and a16z-backed Lead Bank are among the initial participants [1] - Visa plans to expand access to this settlement capability in 2026 [1] Payment Industry Implications - The move has implications for payments, banks, and Solana's institutional push [1]

RT Capital Markets (@capitalmarkets)Visa introduces Stablecoin settlement for U.S. banks on Solana.- Supports @USDC settlement for U.S. issuers and acquirers- Initial bank partners include @crossriverbank and @Lead_Bank- Introduces 7-day settlement windows https://t.co/XEqeFTjY6Q ...

RT Cuy Sheffield (@cuysheffield)Excited to announce that in partnership with @circle, we have launched USDC settlement for @Lead_Bank and @crossriverbank card programs over the Solana blockchainhttps://t.co/7VK1hGktfw ...

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 ...

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。 ...

Industry Adoption of Stablecoins - Visa has opened its U.S payments network to stablecoin settlement [1] - The settlement will utilize Circle-issued USDC on the Solana blockchain [1] Key Participants - Cross River Bank and Lead Bank are among the first U.S financial institutions adopting the service [1]

Core Insights - Visa Inc. is expanding its crypto-related services by allowing stablecoin-based settlement across its US payments network, specifically using Circle's USDC stablecoin over the Solana blockchain [1][2] Group 1: Faster Settlement for U.S. Banks - The introduction of USDC settlement aims to provide faster funds movement for banks and fintechs, with seven-day availability and enhanced resilience during weekends and holidays [2] - Initial participants in this settlement process include Cross River Bank and Lead Bank, with plans for broader availability to U.S. institutions by 2026 [2] Group 2: Blockchain Infrastructure and Arc Partnership - Visa is enhancing its collaboration with Circle by becoming a design partner for Arc, a new Layer 1 blockchain currently in public testnet, which is intended to support large-scale commercial activities on-chain [3] - Visa plans to utilize Arc for USDC settlement and intends to operate a validator node once the blockchain is live, integrating blockchain infrastructure into its settlement processes [3] Group 3: Modernizing Treasury and Liquidity Management - The USDC settlement framework is designed to provide seven-day settlement windows, improved liquidity management, and greater automation for participating banks [4] - This framework aims to bridge traditional payment systems with blockchain infrastructure while adhering to Visa's security, compliance, and reliability standards [4] Group 4: Institutional Adoption of Stablecoins - Visa's USDC settlement initiative is seen as a significant step towards institutional adoption of stablecoins, with early banking partners noting benefits like clearer liquidity timing and API-driven settlement [6] - Visa has launched a Stablecoins Advisory Practice to assist financial institutions in assessing and implementing stablecoin strategies [6]

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]

Phantom is not a bank. The Prepaid Debit Visa Card is issued by Lead Bank and managed by Bridge Ventures, LLC. Fees may apply. See Phantom's website for more details. ...