Visa has introduced a new option for US banks to settle payments in USDC
Two participating banks, Cross River Bank and Lead Bank, are taking part in this rollout. Wider adoption and service expansion are expected through 2026.
The initiative is designed to offer several benefits, including faster money movement on the blockchain and round-the-clock transaction availability, even on weekends and holidays.
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These features aim to streamline business treasury processes, though cardholder experiences remain unchanged.
Visa is also strengthening its partnership with Circle as a design collaborator on Arc, a new blockchain in its public testnet phase. Once Arc officially launches, Visa intends to use it for USDC settlement and plans to run a validator node on the network.
In addition, Visa has started a Stablecoins Advisory Practice as a resource for banks, retailers, and fintech companies that want to build, set up, or operate stablecoin-based products and services.
This update builds on Visa’s international program, which, by November 30, reached an annualized settlement volume of more than $3.5 billion. For the first time, issuers and acquirers in the United States can fulfill their VisaNet obligations in USDC rather than conventional currency.
StraitsX, a payment company regulated by the Monetary Authority of Singapore (MAS), recently announced plans to launch its XSGD and XUSD stablecoins on the Solana blockchain. What did the company say? Read the full story.
