$SOL $USDC $ETH
Visa just dropped a nuke on the traditional banking system: It has officially launched USDC settlement for US financial institutions. Banks can now settle Visa transactions on-chain, 24/7, using Solana and Ethereum.
Traditionally, money takes days to settle via slow SWIFT/ACH networks. Visa is replacing that layer with USDC on Solana to enable "instant" finality for merchant settlements. This bridges $3.5 billion in annualized stablecoin volume directly into the legacy credit card network, allowing partners like Cross River Bank to bypass banking holidays.
This move legitimizes stablecoins as superior banking rails and paves the way for trillions of dollars in daily payments to move on-chain. It spikes demand for blockspace (bullish for SOL/ETH) and potentially renders legacy clearing houses obsolete.
Visa is partnering with Circle on the new "Arc" blockchain; watch for its launch and token implications. The market is also watching for a Tier 1 bank (e.g., JPMorgan) to join next.
This is the "Internet of Value" realized. By choosing Solana for its speed, Visa is challenging Ethereum's status as the primary settlement layer for commerce.
Will you pay for coffee with USDC on Visa next year?
#Visa #USDC #solana #CryptoPayments
