Visa Expands USDC Settlement to U.S. Banks on Solana Blockchain
Visa has enabled settlement of its obligations using Circle’s USDC stablecoin for U.S. banks and fintechs on the Solana blockchain. Early participants in the rollout include Cross River Bank and Lead Bank. The program is part of a broader U.S. phase of Visa’s stablecoin settlement initiative, which has reached a $3.5 billion annualized run rate as of November 30, 2025.
Visa plans to expand access to more U.S. partners throughout 2026 by leveraging account teams as availability grows. In addition to Solana, Visa will support Circle’s Arc blockchain and intends to operate a validator node when Arc goes live. The initiative aims to modernize settlement flows by providing near-instant funds movement, seven-day settlement, and more predictable liquidity, all while preserving the traditional consumer card experience.
Visa began experimenting with USDC settlement in 2021 and was one of the first major payments networks to settle in a stablecoin in 2023. The pilot program extended to multiple blockchains and stablecoins, targeting financial institutions, fintech companies, and treasury teams seeking to bridge legacy banking systems with blockchain infrastructure.
