Visa will allow U.S. institutions to use USDC for transaction settlements via the Solana blockchain

Payment giant Visa is opening its U.S. network to support stablecoin settlements, aiming to expand its cryptocurrency-related products and services. It is reported that Visa will allow U.S. institutions to use Circle Internet Group Inc.'s USDC token for transaction settlements via the Solana blockchain. Cross River Bank and Lead Bank are the first institutions to use this service.