Which banks settle with USDC now?

TLDR

Cross River Bank and Lead Bank are the confirmed U.S. banks settling with USDC today via Visas stablecoin settlement program, as reported by a Cointelegraph update.

1. Settlement runs on Solana, enabling on?chain transfers in USDC per the report above.
2. Issuer/acquirer partners gain seven?day settlement windows, improving treasury flows per an Investing.com brief.
3. More U.S. institutions are planned through 2026 per a Finance Magnates article.

Deep Dive

1. Named Banks

Cross River Bank and Lead Bank are the initial participants settling obligations in USDC within Visas network.

• The rollout specifically names Cross River and Lead Bank as active participants using USDC for settlement, with broader access scheduled through 2026 per Finance Magnates.
• The capability targets U.S. issuers and acquirers that connect to VisaNet, bringing on?chain settlement into bank treasury workflows per an Investing.com brief.

2. How It Works

Visas program settles bank obligations in USDC on the Solana network, enabling faster, programmable money movement.

• USDC settlement is delivered via Visa rails with transactions settled on Solana, allowing continuous funds movement and weekend operations per a Defiant report.
• The framework aims at seven?day settlement windows and more predictable liquidity around holidays and weekends per CoinDesk coverage.

3. Whats Next

Visa says additional U.S. banks will join in waves through 2026, with global pilots already underway.

• Wider availability for U.S. institutions is planned through 2026 per Finance Magnates.
• Visa previously expanded stablecoin settlement internationally and is deepening collaboration with Circles Arc blockchain for future settlement per CryptoNews.

Conclusion

Today, the named banks settling with USDC are Cross River Bank and Lead Bank via Visas USDC program. The mechanics use Solana for continuous settlement and target issuer/acquirer banks. Expect more U.S. institutions to join through 2026, signaling growing stablecoin use in bank?grade treasury operations.