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Visa is enabling US banks to settle transactions using Circle's USDC stablecoin on the Solana blockchain. Cross River Bank and Lead Bank are among the first institutions to adopt this service, which reflects the changing regulatory landscape under the second Trump administration. Visa will also support Circle's upcoming Arc blockchain network.
Visa has introduced USDC stablecoin settlement in the US, allowing banks to process transactions using Circle’s dollar-pegged stablecoin through blockchain technology. Cross River Bank and Lead Bank are piloting this service, which aims to enhance transaction speed and treasury efficiency. The move indicates a shift toward stablecoins becoming a standard tool for banks.