Visa partners with Cross River Bank for stablecoin settlements using USDC on Solana blockchain in the U.S.Visa partners with Cross River Bank for stablecoin settlements using USDC on Solana blockchain in the U.S.

Visa Launches Stablecoin Settlement Using USDC on Solana

What to Know:
  • Visa integrates stablecoin settlement via USDC on Solana blockchain.
  • Aim is to enhance capital efficiency in card programs.
  • Now available in selected U.S. states for limited partners.

Visa, in conjunction with Cross River Bank and Highnote, has launched a stablecoin settlement feature using USDC on Solana for U.S. issuer and acquirer partners.

This advancement allows constant settlement, enhancing payment efficiency and influence in the financial sector, while maintaining consistent consumer experience, initially in select U.S. states.

Visa has initiated a stablecoin settlement using USDC on the Solana blockchain, involving Cross River Bank and Highnote to enhance U.S. card program efficiency.

The venture represents a critical step in blockchain adoption within financial services, potentially accelerating onchain settlements among financial institutions.

Visa Introduces USDC Settlement with Solana Technology

Visa, in partnership with Cross River Bank and Highnote, has launched a stablecoin capability aimed at facilitating USDC-based settlements. The initiative is part of a pilot targeting U.S.-based issuer and acquirer partners. The partnership establishes the Solana blockchain as the technological foundation for these transactions. It enables week-long settlements that aim to boost capital efficiency without affecting consumer experiences.

Visa’s USDC Pilot to Optimize Financial Operations

Launch of this stablecoin system by Visa could optimize capital utilization for financial institutions. This technological move targets enhancing real-time reconciliation processes within financial sectors. The pilot program, limited to certain U.S. states, aligns with regulatory guidelines, potentially influencing operational frameworks in digital finance under bank supervision.

Stablecoin Initiative Builds on $3.5 Billion USDC Pilot

Visa’s move follows previous ventures in stablecoin technology, including a USDC pilot worth $3.5 billion. Such initiatives highlight ongoing transformations within traditional financial systems. Economic analysts point to the program as an example of mainstream adoption of blockchain technology, with industry leaders recognizing its potential to streamline global financial operations.

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.
Piyasa Fırsatı
USDCoin Logosu
USDCoin Fiyatı(USDC)
$1.0001
$1.0001$1.0001
+0.01%
USD
USDCoin (USDC) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

MoneyGram launches stablecoin-powered app in Colombia

MoneyGram launches stablecoin-powered app in Colombia

The post MoneyGram launches stablecoin-powered app in Colombia appeared on BitcoinEthereumNews.com. MoneyGram has launched a new mobile application in Colombia that uses USD-pegged stablecoins to modernize cross-border remittances. According to an announcement on Wednesday, the app allows customers to receive money instantly into a US dollar balance backed by Circle’s USDC stablecoin, which can be stored, spent, or cashed out through MoneyGram’s global retail network. The rollout is designed to address the volatility of local currencies, particularly the Colombian peso. Built on the Stellar blockchain and supported by wallet infrastructure provider Crossmint, the app marks MoneyGram’s most significant move yet to integrate stablecoins into consumer-facing services. Colombia was selected as the first market due to its heavy reliance on inbound remittances—families in the country receive more than 22 times the amount they send abroad, according to Statista. The announcement said future expansions will target other remittance-heavy markets. MoneyGram, which has nearly 500,000 retail locations globally, has experimented with blockchain rails since partnering with the Stellar Development Foundation in 2021. It has since built cash on and off ramps for stablecoins, developed APIs for crypto integration, and incorporated stablecoins into its internal settlement processes. “This launch is the first step toward a world where every person, everywhere, has access to dollar stablecoins,” CEO Anthony Soohoo stated. The company emphasized compliance, citing decades of regulatory experience, though stablecoin oversight remains fluid. The US Congress passed the GENIUS Act earlier this year, establishing a framework for stablecoin regulation, which MoneyGram has pointed to as providing clearer guardrails. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/moneygram-stablecoin-app-colombia
Paylaş
BitcoinEthereumNews2025/09/18 07:04
WIF Price Prediction: Targeting $0.48 Recovery Within 2 Weeks as MACD Shows Bullish Divergence

WIF Price Prediction: Targeting $0.48 Recovery Within 2 Weeks as MACD Shows Bullish Divergence

The post WIF Price Prediction: Targeting $0.48 Recovery Within 2 Weeks as MACD Shows Bullish Divergence appeared on BitcoinEthereumNews.com. James Ding Dec 16
Paylaş
BitcoinEthereumNews2025/12/17 17:32
Tokyo’s Metaplanet Launches Miami Subsidiary to Amplify Bitcoin Income

Tokyo’s Metaplanet Launches Miami Subsidiary to Amplify Bitcoin Income

Metaplanet Inc., the Japanese public company known for its bitcoin treasury, is launching a Miami subsidiary to run a dedicated derivatives and income strategy aimed at turning holdings into steady, U.S.-based cash flow. Japanese Bitcoin Treasury Player Metaplanet Opens Miami Outpost The new entity, Metaplanet Income Corp., sits under Metaplanet Holdings, Inc. and is based […]
Paylaş
Coinstats2025/09/18 00:32