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Visa enables 7-day USDC settlement for banks, speeding up payment processing beyond traditional schedules

11 Nov 2026, 11:36 WIB
Tokenpost
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Bullish
Visa enables 7-day USDC settlement for banks, speeding up payment processing beyond traditional schedules

Visa has launched a U.S. settlement service allowing select banks to settle VisaNet obligations using the stablecoin USD Coin (USDC) seven days a week, improving on the traditional five-business-day settlement period. Initial participants Cross River Bank and Lead Bank are settling transactions over the Solana blockchain. This service focuses on the settlement phase between financial institutions and Visa, without changing the consumer card experience or specifying merchant payout timing. The move aims to offer faster, programmable settlement options that integrate with existing treasury systems, with potential benefits for cross-border payments as demonstrated by a Lloyds Banking Group pilot that settled $750,000 in under an hour using USDC.

Visa's new USDC settlement service is notable for enabling seven-day-a-week settlement, improving on the traditional five-business-day period. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Nov 11, 2026 16:21 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell today. Notable movers include EOS with a price of Rp12.649 and a 1-day change of +8.13%, BAT priced at Rp2.219 with 0% sell and 100% buy order activity, and CRV at Rp4.479 with 87% sell and 13% buy order activity.

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