By Elias Schisgall
Visa will begin allowing partners to settle transactions using Circle's USDC stablecoin.
The global financial technology company said Tuesday that Cross River Bank and Lead Bank have already started settling with Visa using USDC over the Solana blockchain, with broader availability expected next year.
The new settlement system will allow for transactions seven days a week instead of only business days, and feature automated treasury operations and integration with blockchain infrastructure.
"Visa is expanding stablecoin settlement because our banking partners are not only asking about it--they're preparing to use it," said Visa's global head of growth products and strategic partnerships, Rubail Birwadker.
The company also said it is a design partner for Arc, a Layer 1 blockchain being developed by Circle. Visa will use the blockchain to settle transactions in USDC, it added.
The launch of stablecoin settlement in the U.S. follows a series of pilots in several other countries. Visa said Tuesday that as of Nov. 30, its monthly stablecoin settlement volume exceeded a $3.5 billion annualized run rate.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
December 16, 2025 09:59 ET (14:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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