Visa Inc. (V) Unveils USDC Stablecoin Settlement in the US
Visa will enable US partners to settle transactions using Circle’s USDC stablecoin, offering faster and more efficient fund movements.Summary
Visa Inc. has announced the launch of USDC settlement capabilities in the United States, a significant step towards modernizing its settlement layer for global commerce. This allows Visa’s issuer and acquirer partners in the US to settle transactions using Circle’s USDC, a dollar-denominated stablecoin. The move promises faster fund movements on the blockchain, 7-day availability, and improved operational resilience. Visa has already established partnerships with Cross River Bank and Lead Bank to facilitate this stablecoin settlement.
This US launch builds upon Visa’s existing stablecoin settlement infrastructure in Europe, Latin America, and CEMEA, which has already surpassed $3.5 billion in annualized volume as of November. Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa, stated that financial institutions are seeking faster, programmable settlement options, and this offering delivers a secure and compliant solution.
In addition to this development, BofA analyst Mihir Bhatia recently upgraded Visa’s stock to a Buy rating with a $383 price target, citing attractive return potential after recent underperformance. Visa remains a key global payments technology company, facilitating digital transactions worldwide.
(Source：Insider Trading)