Visa’s Stablecoin Shenanigans: Dollars, Blockchains, and Weekend Fun! 🤑

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Well, I say, old bean, it appears that Visa Inc. has gone and done the most dashed clever thing! They’ve taken their stablecoin jolly a step further by launching a USDC settlement in the good ol’ U.S. of A. 🌟 This means, my dear chums, that issuer and acquirer partners are now at liberty to settle with Visa in Circle’s USDC, a dollar-pegged stablecoin. Pip pip! Announced on the 16th of December, no less. 🎩

Visa and the Layer-1 Blockchain Arc: A Match Made in Fintech Heaven

Now, Visa has hit what one might call a major milestone in their stablecoin settlement pilot program-a spot of modernization for their settlement layer, underpinning global commerce, don’t you know. By leveraging the fully reserved, dollar-denominated USDC (yes, the very same one with a market cap of $78.28 billion and 0.0% volatility-steady as a rock, that one), issuers are in for a treat with faster fund movement over blockchains. 🚀

And here’s the kicker: this service is available 24/7, weekends and holidays included! No more fretting about whether the consumer card experience will take a holiday when you do. 🏖️

Cross River Bank and Lead Bank, those intrepid souls, have already taken the plunge, using Visa and USDC over the Solana blockchain. As the new year rolls in, Visa plans to spread its wings further across the United States. 🇺🇸

Oh, and did I mention? Visa intends to utilize Circle’s Layer 1 blockchain Arc for USDC settlement within its network. They’re even planning to operate a validator node once Arc goes live-currently in public testnet, mind you. Visa, it seems, is quite the design partner for Arc, keen to explore its purpose-built design for stellar performance and scalability. 🌟

The goal? To support Visa’s global commercial activity onchain, of course. What else would one expect from such a financial titan? 💼

Visa’s Stablecoin Pursuit: A Comedy of Errors and Triumphs

Barely 24 hours after Visa launched a Stablecoins Advisory Practice for banks and fintechs, they’re already guiding stablecoin technology, operations, and use cases like cross-border payments. Navy Federal Credit Union, VyStar Credit Union, and Pathward are in for a treat, I daresay. 🏦

In November, Visa announced a partnership with crypto fintech company Aquanow to extend stablecoin settlement options across Central and Eastern Europe, the Middle East, and Africa (CEMA). Quite the globetrotters, aren’t they? 🌍

And let’s not forget, Visa has been toiling away like a beaver in the last few months to push out its stablecoin services. The passing of the GENIUS Act earlier this year by the Trump administration is said to be a major factor in this dash toward innovation. 🧑‍⚖️

So there you have it, my dear readers. Visa’s stablecoin shenanigans are in full swing, and it’s all rather spiffing, if you ask me. Now, if you’ll excuse me, I’m off to ponder whether my wallet could use a spot of blockchain magic. 🧙‍♂️

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2025-12-16 18:04