Visa Expands USDC Settlement to U.S. Banks in Major Stablecoin Push
Visa has extended its stablecoin settlement capabilities to the United States, enabling financial institutions to transact using Circle's USDC. The MOVE signals growing institutional adoption of blockchain-based settlement solutions.
The card network's infrastructure now supports USD Coin for real-time transactions between issuers and acquirers. This follows Visa's 2021 pilot with Crypto.com for USDC settlements on Ethereum.
Market observers note the development could accelerate stablecoin utility beyond speculative trading into Core payment rails. Circle's partnership reinforces USDC's position as the preferred regulated stablecoin for enterprise use.