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Visa Takes Another Major Step In Stablecoin Payments Strategy - Visa (NYSE:V)
Visa's stablecoin pilot enables U.S. banks to settle using USDC with $3.5 billion annualized volume, improving speed, availability, and operational resilience.
- On Tuesday, Visa Inc. launched USDC settlement in the United States, enabling U.S. issuers and acquirers to settle using Circle's fully reserved, dollar‑denominated stablecoin.
- Visa says the launch advances its effort to modernize the settlement layer for global commerce, framing it as a key milestone in its stablecoin pilot amid financial institutions seeking faster, programmable settlement that fits treasury systems, Rubail Birwadker said.
- Initial banking participants, including Cross River Bank and Lead Bank, have begun settling with Visa Inc. using USDC on the Solana blockchain, with broader U.S. availability planned through 2026.
- Issuers benefit from faster blockchain transfers while cardholders see no change to the consumer card experience, Visa said, enabling faster funds movement and $3.5 billion annualized settlement.
- Having begun stablecoin settlement in 2023, Visa plans to expand U.S. availability through 2026 as the pilot scales, with a $3.5 billion annualized run rate as of November 30.
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Visa Brings USDC Stablecoin Settlement to U.S. Banks
Visa has expanded its stablecoin settlement program to the United States, enabling financial institutions to use Circle’s USDC stablecoin for backend settlement obligations. The move builds on Visa’s earlier international pilot programs and signals a broader shift toward blockchain-powered treasury and liquidity operations within the traditional banking sector. By extending the initiative to the US market, Visa is positioning stablecoins as a pr…
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Leaning Left0Leaning Right2Center3Last UpdatedBias Distribution60% Center
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60% Center
C 60%
R 40%
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