Visa Launches Stablecoin Settlement in U.S.
By Elias Schisgall
Visa will begin allowing partners to settle transactions using Circle's USDC stablecoin.
The global financial technology company said Tuesday that Cross River Bank and Lead Bank have already started settling with Visa using USDC over the Solana blockchain, with broader availability expected next year.
The new settlement system will allow for transactions seven days a week instead of only business days, and feature automated treasury operations and integration with blockchain infrastructure.
"Visa is expanding stablecoin settlement because our banking partners are not only asking about it--they're preparing to use it," said Visa's global head of growth products and strategic partnerships, Rubail Birwadker.
The company also said it is a design partner for Arc, a Layer 1 blockchain being developed by Circle. Visa will use the blockchain to settle transactions in USDC, it added.
The launch of stablecoin settlement in the U.S. follows a series of pilots in several other countries. Visa said Tuesday that as of Nov. 30, its monthly stablecoin settlement volume exceeded a $3.5 billion annualized run rate.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
December 16, 2025 10:14 ET (15:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for October
The 10 Best Companies to Invest in Now
3 Stocks to Invest In With More Room to Run
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
United States