Visa Inc. (NYSE:V) on Tuesday disclosed the launch of USDC settlement in the United States.
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Visa said it marks a key milestone in its stablecoin settlement pilot and broader strategy to modernize the settlement layer for global commerce.
For the first time, U.S. issuer and acquirer partners can settle with Visa using Circle’s (NASDAQ:CRCL) USDC, a fully reserved, dollar-backed stablecoin.
Why Does It Matter?
This enables faster fund transfers over blockchains, seven-day availability, and improved operational resilience on weekends and holidays, without altering the consumer card experience.
Also Read: Visa To Advise Banks On Stablecoin Strategy, Implementation
The initial banking participants, which include Cross River Bank and Lead Bank, have begun settling with Visa using USDC on the Solana blockchain, with wider U.S. availability planned through 2026.
Visa is also a design partner for Arc, a new Layer 1 blockchain developed by Circle, currently in public testnet.
Arc’s purpose-built design provides the performance and scalability needed to support Visa’s global on-chain commercial activity.
Visa plans to use Arc for USDC settlement within its network and will operate a validator node once the blockchain launches.
Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships, Visa, added, “Financial institutions are looking for faster, programmable settlement options that integrate seamlessly with their existing treasury operations. By bringing USDC settlement to the U.S., Visa is delivering a reliable, bank‑ready capability that improves treasury efficiency while maintaining the security, compliance and resiliency standards our network requires.”
Visa And Stablecoins
On Monday, the company disclosed the launch of its Stablecoins Advisory Practice, expanding its push into digital payments and blockchain-based settlement.
Notably, Visa has rapidly increased its settlement activity, reaching an annualized run rate of $3.5 billion as of November 30, as the stablecoin market surpasses $250 billion in total value.
Price Action: Visa shares were up 0.06% at $347.09 and Circle Internet Group shares were up 3.36% at $77.99 during premarket trading on Monday, according to Benzinga Pro data.
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Photo by SWK Stock via Shutterstock
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