US EditionPublished • loading... • Updated
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.
Insights by Ground AI
37 Articles
37 Articles
Coverage Details
Total News Sources37
Leaning Left0Leaning Right2Center2Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
To view factuality data please Upgrade to Premium
