Visa has officially begun integrating stablecoin payment settlements within U.S. banks, relying on the USDC currency issued by Circle, in partnership with Cross River Bank and Lead Bank.
The settlements will be conducted via the Solana network, with anticipated support for the Arc chain being developed by Circle upon its launch. This is the first step of its kind where Visa directly links stablecoin settlements with banks in the United States.
This development comes after U.S. President Donald Trump signed a federal legal framework in July regulating stablecoins, enabling financial institutions to use digital dollars backed by real assets in domestic and cross-border payments.
USDC is backed by dollar assets such as U.S. Treasury bonds, allowing banks to execute settlements quickly without going through traditional clearing channels that take several days.
Officials at Cross River Bank confirmed that demand from fintech companies and digital currencies is increasing at a rapid pace, especially with the proliferation of cards linked to stable balances, with users spending digital dollars while merchants receive the local currency.
Forecasts indicate that stablecoins could process more than $50 trillion annually by 2030, as major companies like Visa and Mastercard enter this field.
Visa bets that stablecoins will be at the heart of payment systems in the future, aiming to establish itself as the primary settlement partner in this global financial transformation.
