Visa: US Banks Now Settling Payments in USDC on Solana

Visa has launched stablecoin settlement for US financial institutions. For the first time, US bank issuers and acquirers can settle obligations with Visa using USDC, a dollar-pegged digital currency called a stablecoin. The settlement runs on Solana, a public blockchain network. Visa announced the program on 15 December 2025.

Cross River and Lead Bank join firstTwo US banks entered the program at launch: Cross River Bank and Lead Bank. A stablecoin settlement means a bank transfers USDC directly to Visa instead of using traditional wire transfers or correspondent banking systems. Solana processes these transfers on a public ledger, available around the clock.

Settlement volume reached $3.5 billion rateVisa reported an annualized settlement run rate of $3.5 billion as of 30 November 2025. An annualized run rate projects one month of activity across a full year. Reuters reported a higher figure of $4.5 billion annualized on 14 January 2026.

First time US issuers settle in stablecoinVisa pilots on Solana in 2023 covered merchant-side payments only. The December 2025 program is the first time US issuer and acquirer banks settle core Visa network obligations in a stablecoin. Visa confirmed this distinction in its official December 2025 press release. Two US banks entered the program at launch: Cross River Bank and Lead Bank. A stablecoin settlement means a bank transfers USDC directly to Visa instead of using traditional wire transfers or correspondent banking systems. Solana processes these transfers on a public ledger, available around the clock.

Settlement volume reached $3.5 billion rateVisa reported an annualized settlement run rate of $3.5 billion as of 30 November 2025. An annualized run rate projects one month of activity across a full year. Reuters reported a higher figure of $4.5 billion annualized on 14 January 2026.

First time US issuers settle in stablecoinVisa pilots on Solana in 2023 covered merchant-side payments only. The December 2025 program is the first time US issuer and acquirer banks settle core Visa network obligations in a stablecoin. Visa confirmed this distinction in its official December 2025 press release. Visa reported an annualized settlement run rate of $3.5 billion as of 30 November 2025. An annualized run rate projects one month of activity across a full year. Reuters reported a higher figure of $4.5 billion annualized on 14 January 2026.

First time US issuers settle in stablecoinVisa pilots on Solana in 2023 covered merchant-side payments only. The December 2025 program is the first time US issuer and acquirer banks settle core Visa network obligations in a stablecoin. Visa confirmed this distinction in its official December 2025 press release. Visa pilots on Solana in 2023 covered merchant-side payments only. The December 2025 program is the first time US issuer and acquirer banks settle core Visa network obligations in a stablecoin. Visa confirmed this distinction in its official December 2025 press release. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.