Visa Launches USDC Settlement Pilot on Solana for US Banks, With 2026 Expansion Planned
The post Visa Launches USDC Settlement Pilot on Solana for US Banks, With 2026 Expansion Planned appeared on BitcoinEthereumNews.com.
Visa has launched USDC settlement services for U.S. financial institutions using the Solana blockchain, starting with Cross River Bank and Lead Bank. This initiative aims to provide faster, programmable settlement options, with a broader rollout planned for 2026. Initial Participants: Cross River Bank and Lead Bank are the first to settle transactions with Visa using USDC on Solana. The service integrates stablecoins into traditional treasury operations for seamless efficiency. Broader adoption expected in 2026, following strong demand from banks and payment firms; Visa’s global head notes partners are actively preparing for stablecoin use. Visa launches USDC settlement on Solana for U.S. banks like Cross River and Lead Bank, enabling faster payouts. Explore how this boosts crypto integration in finance—read now for key insights and future plans. What is Visa’s USDC Settlement Service? Visa’s USDC settlement service allows U.S. financial institutions to settle transactions using the USD Coin stablecoin on the Solana blockchain, marking a significant step in bridging traditional finance and digital assets. Launched on Tuesday, the service initially involves Cross River Bank and Lead Bank, who have begun using USDC for settlements with Visa. This move modernizes payment processing by offering programmable and efficient alternatives to conventional methods, with plans for wider availability in 2026. How Does Visa’s Partnership with Solana Enhance Settlement Efficiency? Visa’s decision to leverage Solana stems from the blockchain’s high performance and scalability, which support rapid transaction processing essential for global financial operations. According to Visa’s announcement, Solana enables low-cost, near-instant settlements compared to traditional systems that can take days. This integration reduces operational friction, as highlighted by industry data showing stablecoin transactions on Solana averaging under one second with fees below $0.01. Financial experts, including Visa’s global head of growth products and strategic partnerships, Rubail Birwadker, emphasize that such infrastructure meets the demand for…
