Visa launches USDC settlement for US banks on Solana blockchain
Visa launched USDC settlement for US financial institutions, starting with Cross River and Lead Bank on Solana, with a wider rollout planned for 2026.
Payment processing giant Visa has launched USDC settlement services for some United States-based financial institutions.
Visa said Tuesday that its USDC (USDC) settlement service is available for US financial institutions, with Cross River Bank and Lead Bank as the first participants; they have already begun settling with Visa in USDC on the Solana blockchain, and a broader rollout is expected in 2026.
The report follows USDC issuer Circle’s launch of the public testnet for its layer-1 blockchain Arc, with over 100 major partners, including Visa, Mastercard, BlackRock and Goldman Sachs, in late October. Visa noted that it is a design partner for the network, which “offers the performance and scalability needed to help support Visa’s global commercial activity.”
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