VISA Debuts Advisory, Stablecoin Settlement For U.S. Banks And Institutions

VISA TO SETTLE STABLECOINS IN THE U.S. OVER SOLANA

Visa has opened up its services in the U.S. to banks, institutions and likely popular retail merchants (in the coming months) for settling funds more effectively. This will be officially coordinated over the Solana network using Circle's USDC stablecoin, offering partners and clients of Visa to transfer and receive funds instantly 7 days a week.

Global Head of Growth Products and Strategic Partnerships Rubail Birwadker expressed:

“Visa is expanding stablecoin settlement because our banking partners are not only asking about it - they’re preparing to use it. Financial institutions are looking for faster, programmable settlement options that integrate seamlessly with their existing treasury operations. By bringing USDC settlement to the U.S., Visa is delivering a reliable, bank‑ready capability that improves treasury efficiency while maintaining the security, compliance and resiliency standards our network requires.”

Having worked with stablecoin card providers (around 130) and other large stablecoin API orchestrators across a number of months, the network is now focusing on making improvements for institutions in daily transfers and treasury handling, as there is already expressed interest in the service from banks such as Cross River Bank (in partnership with Highnote) and Lead Bank.

Expect Visa updates to continue in the new year as more existing partners onboard to the new service and experiment sending and receiving over other popular and newer blockchain networks, such as Circle's own Arc network.