Visa is taking a step in advancing digital currency adoption by expanding its stablecoin settlement capabilities to the Solana blockchain network. The payments giant also announced new pilot programs with merchant acquirers Worldpay and Nuvei to explore streamlining settlement in the Circle-issued stablecoin USDC.
Visa Expands Stablecoin Settlement to Solana; Partners With Worldpay and Nuvei for Streamlined USDC Transfers
The financial entity’s latest move builds on Visa’s previous work with Crypto.com and Circle, which utilized USDC and the Ethereum blockchain for near real-time settlement between issuers and acquirers. By adding support for Solana, Visa aims to enable faster and lower-cost transactions for clients wishing to leverage stablecoins.
“By leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we’re helping to improve the speed of cross-border settlement and providing a modern option for our clients to easily send or receive fund
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