Visa just launched stablecoin settlement in the US using Circle’s dollar-pegged digital asset USDC.
The move allows US issuer and acquirer partners to settle transactions on the blockchain, starting with the Solana network.
The move marks a key step in Visa’s pilot program to integrate stablecoins into global commerce.
Visa’s U.S. stablecoin settlement framework is designed to power seven day settlement windows for faster speed and liquidity, allowing banks and fintechs to settle transactions every day instead of just five business days.
It also modernizes liquidity and treasury management with automated, advanced operations for banks.
Says Visa’s Global Head of Growth Products Rubail Birwadker,
“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.”
Initial participants include Cross River Bank and Lead Bank.
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