Visa Partners with Solana and USDC to Revolutionize Cross-Border Payments

Visa has expanded its stablecoin settlement capabilities by integrating Circle's USDC stablecoin with the Solana blockchain, aiming to enhance the speed of cross-border payment transactions. Visa is one of the first major financial institutions to utilize the Solana network for settlements at scale. The company has also initiated pilot programs with merchant acquirers Worldpay and Nuvei, allowing their clients to opt for USDC stablecoin settlement instead of fiat currencies. This move demonstrates Visa's commitment to leveraging stablecoins and blockchain networks to improve cross-border settlement speed and provide modern payment options. The stablecoin market is projected to reach $2.8 trillion in the next five years, as more financial and consumer platforms adopt stablecoins for value exchange.