Visa launches USDC stablecoin clearing service in the US, initially supporting the Solana blockchain.

PANews reported on December 16th, citing Bloomberg, that Visa announced US banks can use Circle's USDC for transaction clearing via the Solana blockchain, marking the first full deployment of its stablecoin settlement service within the US banking system. Initial users include Cross River Bank and Lead Bank. This move benefits from the deregulation implemented during the Trump administration's second term and will facilitate the launch of the ArcChain, jointly developed by Visa and Circle. Visa anticipates stablecoins will become a key payment channel in the future, with annualized clearing volume reaching $3.5 billion as of the end of November.