Which network powers Visa USDC settlement?

TLDR

Visas USDC settlement runs on the Solana blockchain.

1. U.S. participants are settling obligations in USDC over the Solana network per recent announcements. See the confirmation in a report on the Solana blockchain.
2. Visa also plans to use Circles Arc chain in the future, but todays settlements are on Solana, as noted in a recent update.

Deep Dive

1. The Network

The active settlement rail for Visas USDC program is Solana (SOL). Early U.S. banks are already settling Visa obligations in USDC over Solana, according to coverage of the launch and participants Cross River Bank and Lead Bank in a market report.

This U.S. phase follows earlier pilots and expands Visas stablecoin settlement to a high-throughput chain. Investing.com also states the initial U.S. rollout is over the Solana blockchain, reinforcing the operational choice of network in the announcement.

2. Why Solana

Solana offers high throughput and low transaction fees, which align with settlement needs where speed and cost matter. Reporting highlights near?instant, seven?day?a?week settlement windows and improved liquidity management for banks, fitting a 24/7 treasury cadence in the launch coverage.

A broader media summary describes the U.S. rollout as bringing stablecoin settlement into mainstream infrastructure, with issuers and acquirers able to move funds faster using USDC on Solana in the industry piece.

3. Roadmap

Visa is also a design partner for Circles Arc, a new Layer 1 in public testnet, and plans to use it for USDC settlement once live, per a recent update. Near term, however, the operational chain for settlement is Solana, as reiterated in multiple reports including the launch coverage.

Conclusion

Visas USDC settlement currently runs on Solana, enabling faster, 24/7 treasury operations for participating banks. The companys roadmap includes potential future settlement on Circles Arc chain, but the active network today is Solana.