- Visa has expanded its stablecoin offering by enabling USDC payments on the Solana blockchain.
- Collaborative pilots have moved millions of USDC between Ethereum and Solana for fiat-based settlement.
- Visa’s integration of USDC facilitates quicker, more efficient cross-border transactions.
Visa, the global payments behemoth, has taken a momentous step by incorporating USD Coin (USDC) payments on the Solana blockchain. This move is part of Visa’s ongoing efforts to foster the integration of stablecoins like USDC into its treasury and settlement systems.
Read CRYPTONEWSLAND on 
google news
The initiative aims to provide an efficient bridge between conventional financial structures and emerging Web3 technologies.
In a strategic collaboration, Visa executed live pilots, transferring millions of USDC between the Ethereum and Solana blockchains. These transactions enabled rapid and precise settlement of fiat-based payments.
Cuy Sheffield, Visa’s head of crypto, opined that utilizing blockchains like Solana and Ethereum considerably accelerates the tempo of cross-border settlements. This new capability, he said, exemplifies the transformative power of stablecoins and decentralized networks in reshaping global financial ecosystems.
As the boundaries between traditional finance and decentralized technologies continue to blur, the synergy between Solana and Visa looks poised to redefine how global transactions operate.
Expect faster, cheaper, and more transparent financial operations as these titans collaborate in the ever-evolving crypto landscape.
Read also:
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- ChartPrime. Elevate your Trading Game with ChartPrime. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: https://cryptonewsland.com/how-visa-is-pioneering-usdc-settlements-on-solana/
