Visa Offers Stablecoin Settlement for US Banks Using Circle’s USDC
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Visa Inc. is opening its US network to stablecoin settlement, expanding crypto-linked products and services enabled by the relaxed regulatory environment under the second Trump administration.The global payments giant said on Tuesday that it would allow US institutions to settle transactions using Circle Internet Group Inc.’s USDC token over the Solana blockchain.
Cross River Bank and Lead Bank are among the first to use the service. Visa, a design partner for Circle’s Arc blockchain, will also support that network once it launches.