Visa has enabled USDC stablecoin settlement in the United States for card issuers and acquirers, with Cross River Bank and Lead Bank as the initial participants settling over the Solana blockchain.
The settlement capability allows US issuer and acquirer partners to settle with Visa in USDC, providing access to funds seven days a week rather than the traditional five business day window. The service is currently available in limited states, with broader US availability planned through 2026.
Cross River is launching the capability through Highnote, a card issuance and acquiring platform. The bank recently launched its own stablecoin payments infrastructure aimed at unifying onchain and offchain payments. Cross River has served as a banking partner for Circle and USDC since 2023, when it quickly onboarded the stablecoin issuer following the collapse of Signature Bank and its Signet blockchain network.
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