Visa has just launched stablecoin settlement in the United States using Circle’s dollar-pegged digital asset USDC.
The move allows U.S. issuing and acquiring partners to settle transactions on the blockchain, starting with the Solana network.
The move marks a key milestone in Visa’s pilot program to integrate stablecoins into global commerce.
Visa’s U.S. stablecoin settlement framework is designed to offer 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 and advanced operations for banks.
According to Rubail Birwadker, Visa’s global head of growth products,
“Visa is expanding stablecoin settlement because our banking partners are not just asking for it, they are 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 United States, Visa provides reliable, bank-ready capability that improves treasury efficiency while maintaining the security, compliance and resiliency standards required by our network.
Early participants include Cross River Bank and Lead Bank.
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