Visa Enables USDC Settlements on Solana for U.S. Banks, Cross River Bank Among First Users
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COINOTAG News reports that on December 16, Visa disclosed that U.S. institutions will be able to settle transactions using USDC on the Solana blockchain. The move aims to streamline on-chain settlement and broaden the role of stablecoins in mainstream banking rails.
Early adopters, including Cross River Bank and Lead Bank, will pilot the service to clear and settle payments with USDC. The initiative leverages Visa‘s settlement infrastructure to enhance liquidity, reduce latency, and improve visibility across digital-dollar transfers.
As a design partner of Circle‘s Arc blockchain, Visa will back the integration when the Arc network launches, signaling closer interoperability between Circle’s ecosystem and traditional banking rails.