Overview
- Cross River Bank and Lead Bank are the first U.S. participants settling with Visa in USDC over the Solana network.
- Visa reports a stablecoin settlement run rate of roughly $3.5 billion as of November 30 after multi‑year pilots.
- Broader U.S. access is planned through 2026, with Visa set to support Circle’s Arc blockchain and operate a validator when it goes live.
- Visa Consulting & Analytics has launched a Stablecoins Advisory Practice to guide banks, fintechs, and merchants on adoption.
- Circle received conditional OCC approval on December 12 to establish First National Digital Currency Bank, advancing USDC’s U.S. issuer structure.