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Visa to settle stablecoin payments on Solana as Western Union expands digital dollar wallet and card.

Market News
07 Oct 2026
Tokenpost
View Source
Bullish
Visa to settle stablecoin payments on Solana as Western Union expands digital dollar wallet and card.

Visa plans to enable stablecoin settlements on the Solana blockchain, enhancing Solana's role in digital payments. This move aligns with Western Union's recent launch of a wallet and Visa-linked card across 37 markets, which uses a U.S. dollar-backed stablecoin to link digital balances with card payments. Solana's fast and cost-effective blockchain infrastructure makes it suitable for such payment applications. Despite blockchain use, stablecoin payments still require traditional banking connections and compliance processes. This development comes amid rising stablecoin cross-border flows, which reached $220.3 billion, as payment companies integrate digital dollars with existing financial systems.

Visa's plan for stablecoin settlements on Solana is contextually set against a cryptocurrency market where 6 of 50 major cryptocurrencies rose and 43 fell on the day. Notable price changes include FIL at Rp18.549 with a -10.86% drop, THETA at Rp3.874 down -8.52%, and EGLD at Rp72.994 down -8.35%. This snapshot is as of Oct 08, 2026 06:02 WIB.

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