The global payments firm has expanded its stablecoin settlement capability to include USDC tokens issued on the Solana blockchain.
Global payments processor Visa has rolled out support for USD Coin (USDC) payments settled on the Solana blockchain as its stablecoin offering begins to expand.
Visa revealed that it is carrying out live and completed pilots with issuers and acquirers, moving millions of USDC tokens between partners across the Etheruem and Solana blockchains to settle fiat-based payments.
An announcement from the payments firm outlined the evolution of VISA’s adoption of USDC through pilots involving Crypto.com to integrations with merchant payment processors Worldpay and Nuvei.
The integration of USDC issued on Ethereum and Solana into Visa’s ecosystem means that the former can leverage Visa’s treasury and settlement systems to bridge traditional finance with Web3. Visa’s head of crypto Cuy Sheffield added that tapping into stablecoins USDC and blockchains like Ethereum and Solana help improve the speed of cross-border settlement.
1/ We are excited to announce that Visa has expanded our stablecoin settlement capabilities to merchant acquirers launching pilots with @Worldpay_Global and @Nuvei utilizing the Solana blockchainhttps://t.co/E0TjMO5xiH
— Cuy Sheffield (@cuysheffield) September 5, 2023
Visa began testing USDC in 2021 in collaboration with Crypto.com to test stablecoin settlement on the issuance side. The resulting pilot leveraged Ethereum-based USDC to receive payments from Crypto.com for cross-border volume on its Australian card program.
Settlements for cross-border purchases made on Crypto.com Visa cards had previously required multiple day currency conversion processes and accrued wire transfer fees. As a result the crypto exchange now uses USDC for settlement obligations for its Australian Visa card.
Related: Visa explores crypto gas fees payments through cards
Crypto.com also uses a Visa treasury-managed account with USD Coin issuer Circle to send USDC across border on the Ethereum blockchain which reportedly reduces the length and complexity of international wire transfers.
Circle co-founder and CEO Jeremy Allaire said that the partnership marks a fundamental blockchain innovation that could alter payments and commerce:
“Circle built USDC to provide a functional digital dollar that could move at the speed of the internet to facilitate secure, reliable payments.”
The integration of USDC also allows Visa to send funds to USDC acquirers including Worldpay and Nuvei, which is expected to increase settlement times for merchants using their services.
The payment processors are then able to route USDC payments to merchants they serve, connecting Visa’s traditional fiat ecosystem through to stablecoins and the wider cryptocurrency space that they serve.
Worldpay merchant solutions president Jim Johnson said that the Visa’s USDC settlement capability would enable it to offer merchants more choices for receiving funds and better manage its treasury operations.
In prior conversation with Cointelegraph during Money20/20 in Amsterdam in June 2023, Nabil Manji, Worldpay head of crypto and web3, outlined how the firm had partnered with Coinbase back in 2013 to allow the exchange to become the first to accept fiat-based card payments worldwide.
Commenting on the latest developments, Manji said Visa’s new USDC settlement service is the first step in allowing Worldpay’s clients to access faster, more cost-efficient settlement of consumer payments.
"It opens the door to exploring future enhancements such as 24/7/365 settlement availability and real-time or multiple daily settlements, all of which can help to accelerate cross-border commerce."
As Cointelegraph previously reported, Visa has begun exploring a solution to make off-chain gas fee settlements for Ethereum using a Paymaster smart contract. These types of smart contracts are able to make payments for users and execute logic for various transaction capabilities.
Magazine: Deposit risk: What do crypto exchanges really do with your money?
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marcushenderson624
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09.10.25 11:05
marcushenderson624
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09.10.25 11:05
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12.10.25 01:12
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12.10.25 21:36
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elizabethrush89
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robertalfred175
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14.10.25 08:46
robertalfred175
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14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
15.10.25 18:07
crypto
Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.
15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
15.10.25 21:52
harristhomas7376
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17.10.25 20:17
tyleradams
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17.10.25 20:20
lindseyvonn
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17.10.25 20:22
richardcharles
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17.10.25 20:23
stevekalfman
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17.10.25 21:42
marcushenderson624
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17.10.25 21:42
marcushenderson624
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17.10.25 21:42
marcushenderson624
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