Which banks settle with USDC?

TLDR

Cross River Bank and Lead Bank are the U.S. banks currently settling transactions in USDC via Visas new program, live on Solana and expanding in 2026 %%CKPROTECTED0%%.

1. Initial banks: Cross River Bank and Lead Bank confirmed by Visa Investing.com.
2. Settlement runs on USDC over Solana with seven?day windows Cointelegraph.
3. Broader U.S. rollout is planned through 2026 %%CKPROTECTED0%%.

Deep Dive

1. Banks Live Now

Visas U.S. stablecoin settlement includes Cross River Bank and Lead Bank as the first banking participants, both settling Visa obligations in USDC today. This is explicitly reported alongside program metrics and the programs U.S. launch timeline Investing.com, CoinDesk.

2. How Settlement Works

The program settles obligations to Visa in USDC over the Solana network, extending availability from five business days to seven days and modernizing treasury and liquidity operations for banks and fintechs Cointelegraph, Decrypt.

1. Program scale has reached a $3.5 billion annualized run rate as of Nov 30 %%CKPROTECTED0%%.
2. The consumer card experience remains unchanged; this is back?end settlement between institutions CoinDesk.

3. What Comes Next

Visa plans broader U.S. access in waves through 2026, and is a design partner for Circles Arc blockchain, where it intends to run a validator and use Arc for future settlement Cointelegraph, Investing.com.

Conclusion

Today, the banks settling with USDC via Visa are Cross River Bank and Lead Bank. The settlement runs on USDC over Solana with seven?day availability, and Visa indicates more U.S. institutions will be added through 2026. This is a meaningful step toward mainstream, bank?grade USDC use in payments infrastructure, improving treasury speed and resilience without changing consumer checkout flows.