BREAKING: 🇺🇸 Visa Enables U.S. Banks to Settle Payments in | Mr anan on Binance Square

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BREAKING: 🇺🇸 Visa Enables U.S. Banks to Settle Payments in USDC on Solana via Circle
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💳 Visa Introduces Stablecoin Settlement for U.S. Partners 🚀 Visa has announced the launch of stablecoin settlement capabilities in the United States, enabling select issuer and acquirer partners to settle obligations using Circle’s USDC, a dollar-pegged stablecoin. This marks the first instance where U.S.-based financial institutions can directly settle with Visa using a stablecoin instead of traditional fiat methods. 💡 The new capability is part of Visa’s broader initiative to modernize its settlement infrastructure while keeping the consumer-facing card experience unchanged. U.S. partners can now utilize USDC for settling Visanet obligations, with the process occurring over supported blockchains. This offers an alternative to the conventional five-day banking window. 🌐 Initial participants in this program include Cross River Bank and Lead Bank, which have started settling with Visa using USDC on the Solana blockchain. Visa plans to gradually expand access to more U.S. partners through 2026. ⏳ The introduction of stablecoin settlement allows for seven-day availability, including weekends and holidays, potentially enhancing liquidity timing and treasury operations for participating institutions. This means that funds no longer have to wait for the traditional Monday morning processing. 🔗 Visa is also collaborating with Circle on Arc, a new layer one blockchain currently in public testnet. The company intends to use Arc for future USDC settlements and will operate a validator node once the network is operational. 🌍 This U.S. launch builds on Visa’s previous stablecoin settlement pilots in regions like Europe, Latin America, and parts of Asia. As of November 30, Visa reported an annualized run rate exceeding $3.5 billion for its stablecoin settlement activity. #visa

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