Visa opens USDC settlement to U.S. banks; annual run rate hits $3.5B
Visa said on Tuesday that U.S. issuer and acquirer partners can settle VisaNet obligations in Circle's USDC, enabling seven-day, blockchain-based settlement. The company reported a $3.5 billion annualized stablecoin settlement run rate as of late November, with Cross River Bank and Lead Bank among early participants on Solana.