Visa Announces Launch Of USDC Settlement In US To Modernize Its Settlement Layer Underpinning Global Commerce

With more than $3.5B in annualized stablecoin settlement volume1, Visa brings USDC settlement to U.S. institutions.

Visa Inc. (V) today announced the launch of USDC settlement in the United States, marking a major milestone in the company's stablecoin settlement pilot program and strategy to modernize its settlement layer underpinning global commerce. For the first time, U.S. issuer and acquirer partners can settle with Visa in Circle's USDC, a fully reserved, dollar-denominated stablecoin.

With USDC settlement, issuers can benefit from faster funds movement over blockchains, seven‑day availability and enhanced operational resilience across weekends and holidays - without any change to the consumer card experience.

Additionally, Visa is a design partner for Arc, a new Layer 1 blockchain developed by Circle (currently in public testnet). Arc's purpose-built design offers the performance and scalability needed to help support Visa's global commercial activity onchain. Visa also plans to utilize Arc for USDC settlement within its network and to operate a validator node once Arc goes live.