Visa expands its stablecoin pilot to include settlements in the U.S. using Circle’s USDC on the Solana blockchain. Initial banking partners are Cross River Bank and Lead Bank, with a broader rollout expected in 2026. USDC settlement allows for faster fund movement and a full 7-day settlement window.

Visa’s U.S. expansion builds on its existing stablecoin settlement experience, surpassing a $3.5 billion annualized run rate. Cross River Bank’s founder sees stablecoins as key for global value movement. Visa recently launched a stablecoin advisory practice. Last month, Visa piloted USDC payouts for gig workers and expanded stablecoin settlement offerings globally.

Visa’s stock is down 0.5% after the opening bell, trading at around $345.26. Year-to-date, shares have gained 9.2%. Visa aims to allow USDC settlement on Circle’s Arc blockchain in the future, in addition to operating a validator node for the network.

Read more at Yahoo Finance: Visa Begins US Stablecoin Settlement via USDC on Solana