Visa Expands USDC Settlement in the U.S.

Visa has launched USDC settlement in the U.S. using the Solana blockchain. This move follows earlier pilots in other regions and aims to enhance the efficiency of U.S.-based treasury operations.

Visa’s initiative involves major players like Cross River Bank and Circle, issuer of USDC. The decision to use Solana stems from its high throughput and low costs, enabling faster and seamless settlement operations.

The inclusion of USDC in Visa’s network represents a significant shift towards integrating stablecoins into traditional finance. The move promises a more agile financial environment for banks and Visa’s partners.

Financial institutions are seeking more streamlined and efficient treasury operations. The new settlement capability is expected to shorten settlement windows from five business days to a seven-day operation cycle.

Visa’s pilot has already achieved a $3.5 billion annualized volume, indicating robust early adoption. Bringing this to the U.S. aligns with Visa’s strategy to modernize treasury operations using stablecoin technology.

Visa’s U.S. rollout may lead to technological advancements and broader crypto adoption in the traditional banking sector. This integration could pave the way for further stablecoin use, bolstered by regulatory compliance and robust security standards.

Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships, Visa: “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.” – source