Visa has launched a stablecoin settlement service in the United States, allowing partner banks to process payment settlements using USDC, a dollar-pegged stablecoin issued by Circle, on the Solana blockchain.
The payments company said the service enables US financial institutions to use USDC for back-end settlement flows. Cross River Bank and Lead Bank are among the first participants. Visa plans to expand access to the service through 2026.
Visa said demand from banking partners is increasing as institutions look for faster, more efficient settlement systems that can operate around the clock while remaining compliant with existing financial regulations.
The launch follows several stablecoin-focused initiatives by Visa in recent years, including onchain payment pilots and the rollout of a stablecoin advisory service for banks and fintech companies exploring blockchain-based payments.
Visa is also working closely with Circle, the issuer of USDC, and is an early participant in Circle’s Arc blockchain testnet. The company has said it intends to use the network for future settlement activity and operate a validator once the platform becomes fully operational.
The move comes as US regulators provide clearer guidance on stablecoins, prompting major financial firms to test blockchain infrastructure for payments, settlements, and treasury management.
Patos presale highlights ongoing activity on Solana
Alongside institutional adoption, new projects continue to emerge on Solana. Patos (PATOS), a Solana-based meme coin, is currently conducting a public presale.
The project reports strong early participation and allows purchases using SOL, USDT, and USDC, reflecting continued retail interest in Solana-based tokens despite ongoing market volatility.
