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Visa Announces Stablecoin Settlement Pilot Program on Solana

Cross River Bank and Lead Bank were early participants in the trial program.
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Dec 16, 2025 • 1 min read

Payments giant Visa announced Tuesday that is has launched a stablecoin settlement pilot program on the Solana blockchain using Circle's USDC.

What's the Scoop?

  • Stablecoin Settlement: Visa now allows U.S. financial institutions to settle payments using Circle’s USDC on Solana. Cross River Bank and Lead Bank were named early participants of the trial program. The service is designed to plug directly into existing treasury operations, with Visa emphasizing its compliance, security, and operational resiliency.
  • Deepening Partnership: Visa is an early "design partner" for Circle’s upcoming Arc L1 blockchain. The payments provider plans on both using Arc for USDC settlement and operating a validator once the network launches.
  • Solana Exclusivity: The program is initially restricted to USDC on the Solana blockchain, with broader availability in the U.S. planned for sometime next year. Solana was been criticized for covertly sponsoring similar blockchain experimentations in exchange for temporary exclusivity rights.

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