Visa has announced a stablecoin advisory and settlement debut for U.S. establishments.
Visa’s Stablecoin Advisory Services
The largest payment network for settling transfers and funds all over the world this week has opened up a consulting branch for integrating stablecoin services.
One of the more important aspects of any new technological innovation is the education piece that comes right after it, and with a more positive outlook on stablecoin and digital asset regulations coming into effect recently, this looks to be a good time for the company to double down on its efforts behind the scenes and consult leadership teams on stablecoins.
European Head of Visa Consulting & Analytics Claudio Di Nella expressed:
Across Europe, stablecoins are driving payment innovation and enabling new digital flows. Our new dedicated Advisory Practice is designed to bring practical insights and tailored recommendations for our clients to unlock growth and stay ahead, including the adoption and implementation of robust stablecoin and digital asset solutions.”
Over the last year in particular there has been an exceptional surge of interested parties and businesses looking to save on fees and increase settlement times across traditional payment use-cases, and Visa is now offering their technical and strategic support via the Stablecoins Advisory Practise (which is part of the Visa Consulting and Analytics team).
Visa To Settle Stablecoins In The U.S. On Solana
Visa has opened up its services in the U.S. to banks, institutions and likely popular retail merchants (in the coming months) for settling funds more effectively.
This will be officially coordinated over the Solana network using Circle’s USDC stablecoin, offering partners and clients of Visa to transfer and receive funds instantly 7 days a week.
Global Head of Growth Products and Strategic Partnerships Rubail Birwadker expressed:
By bringing USDC settlement to the U.S., Visa is delivering a reliable, bank‑ready capability that improves treasury efficiency while maintaining the security, compliance and resiliency standards our network requires.”
Having worked with stablecoin card providers (around 130) and other large stablecoin API orchestrators across a number of months, the network is now focusing on making improvements for institutions in daily transfers and treasury handling, as there is already expressed interest in the service from banks such as Cross River Bank (in partnership with Highnote) and Lead Bank.
Expect Visa updates to continue in the new year as more existing partners onboard to the new service and experiment sending and receiving over other popular and newer blockchain networks, such as Circle’s own Arc network.
