Visa Inc has taken its recent stablecoin push a step further by launching a USDC settlement in the United States. This means that US issuer and acquirer partners are now authorized to settle with Visa in Circle’s USDC, a US dollar-pegged stablecoin. It announced this development on Dec. 16.
Visa to Utilize Layer-1 Blockchain Arc
Visa has hit a major milestone in the company’s stablecoin settlement pilot program and strategy to modernize its settlement layer underpinning global commerce. By leveraging the fully reserved, dollar-denominated USDC
USDC
$1.00
24h volatility:
0.0%
Market cap:
$78.28 B
Vol. 24h:
$13.92 B
for settlement, issuers get to enjoy faster fund movement over blockchains.
In addition, this off
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