There are new developments in the payment network sector. According to multiple media reports, Visa announced the integration of stablecoin settlement functionality into its US payment network ecosystem. This means that financial institutions in the US can now directly use USDC issued by Circle on the Solana blockchain for transaction settlements.

The first to try this out are Cross River Bank and Lead Bank. They have already started using this new settlement solution to process transactions. Interestingly, Visa's ambitions go beyond this — they also plan to support Circle's own Arc blockchain network.

This move reflects a clear trend: traditional payment giants are gradually adapting to on-chain financial needs. Stablecoin settlement offers high efficiency and low costs, which is indeed attractive to financial institutions. Visa's step is quite steady — they have embraced the crypto ecosystem and, through their influence, are broadening the application scenarios for stablecoins.