Visa Launches Stablecoin Settlement Service, Partners with Arc
Update: 2025-12-16
Description
Visa introduces USDC settlements using Solana blockchain, with Cross River Bank and Lead Bank as initial partners. This move follows Circles Arc blockchain public testnet launch, where Visa is a key design partner. Visa plans to use Arc for its own USDC settlements and operates a network node. Visa also unveils a global Stablecoins Advisory Practice to help financial institutions adapt to stablecoins, reflecting its commitment to integrating stablecoins into mainstream finance.
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