Payment Giant Visa Has Signed A Stablecoin Deal With Circle! Which Network Will Be Used? Here Are The Details

Visa has significantly expanded its crypto-related products and services by officially launching stablecoin reconciliation for banks in the US.

According to a company statement, Visa is opening its US payment network to the settlement of transactions made with the USDC stablecoin issued by Circle Internet Group. The new system will operate on the Solana blockchain and will initially be used by Cross River Bank and Lead Bank.

While Visa has previously conducted limited stablecoin settlement trials outside the US, this step marks the first full-scale implementation within the country's banking system.

In July, President Donald Trump signed a federal regulatory framework for stablecoins, paving the way for such services to be implemented in the US. The regulation aims to enable crypto assets pegged to fiat currencies to offer faster and lower-cost payment solutions.

Luca Cosentino, Senior Vice President of Products at Cross River Bank, stated that demand from fintech and crypto companies is rapidly increasing, and that stablecoin consensus will create new business opportunities for banks. He emphasized that in the long term, stablecoins will become a fundamental part of payment infrastructure.

Visa announced that it will also provide support for Circle's Arc blockchain network and will integrate with it when it goes live.

The company, along with rivals like Mastercard, has entered a technology race that could transform the traditional payment processing role. According to Bloomberg Intelligence, stablecoins could reach over $50 trillion in annual payment volume by 2030.

Visa aims to strengthen its position in the digital asset space by launching a global stablecoin advisory service for banks, fintech companies, and retailers in response to growing demand.