Visa integrates USDC for transaction settlements on the Solana blockchain

According to PANews, Visa has announced that U.S. banks can now use the Solana blockchain for transaction settlements, utilizing the USDC stablecoin from Circle. This marks the first full implementation of Visa's stablecoin settlement service within the U.S. banking system. The initial participants are Cross River Bank and Lead Bank. This development has been made possible by regulatory relaxations during the second term of U.S. President Donald Trump and is expected to facilitate the launch of the Arc chain, a joint project between Visa and Circle. Visa anticipates that stablecoins will become an important channel for payments, with settlement volumes expected to reach $3.5 billion by the end of November.$USDC

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