USDC

Visa’s expansion of a USDC settlement pilot to U.S. banks signals a potential shift in how card networks and banks think about the settlement layer. This analysis explores merchant flows, operational and regulatory implications for banks and card networks, and the likely liquidity and demand effects for USDC and Circle.

Visa’s pilot to settle U.S. transactions using USDC on Solana is a watershed for real-world stablecoin rails — it demonstrates issuer-to-acquirer on‑chain settlement and exposes new tradeoffs in speed, cost, and compliance. Payments and product teams must weigh throughput, liquidity, custody and regulatory controls when designing enterprise-grade on‑chain settlement.

Traditional finance is increasingly tokenizing cash and adopting crypto rails to speed settlement and reduce operational friction. This article breaks down recent bank and broker moves, custody and compliance trade‑offs, and how asset managers can pilot tokenized cash products.

Firedancer’s mainnet validator client, Double Zero’s dedicated fiber plans, and JPMorgan’s USDC‑settled commercial paper together form a stress test for Solana as an institutional settlement layer. This article evaluates technical gains, real‑world settlement mechanics, and the tradeoffs institutions must weigh.

This guide explains how recent U.S. stablecoin moves are altering cross-border flows, exchange behavior, and on‑chain liquidity, with practical compliance and operational checklists for issuers and integrators. Case studies include Bybit’s USDC push and KRW1 on Polygon to illustrate market responses.

Late‑2025 stablecoin infrastructure is shifting: Circle’s xReserve pushes native USDC issuance across chains while USDT’s market share has climbed above 6%, reshaping liquidity and settlement choices for treasuries and DeFi builders.

In November 2025 stablecoins — led by rising USDC circulation and a Tether dominance spike — are acting as the market’s liquidity backbone. New custody and settlement integrations are reshaping institutional on-chain flows and DeFi liquidity provisioning.

As volatility climbs, traders and treasurers increasingly rotate into stablecoins and new on‑chain RWA products for safe‑haven liquidity. This explainer compares the USDT surge, Coinbase–Kalshi USDC custody cues, and Polygon‑based R25 yield‑bearing RWA stablecoin for institutional treasury decisions.

Circle’s latest quarter — 66% revenue growth alongside expanding USDC circulation — is more than a headline: it reshapes reserve economics, on-chain liquidity, and the competitive landscape for dollar‑pegged tokens heading into 2026. Institutional demand and regulatory scrutiny will determine whether that lead holds.

As USDC continues to outpace Tether in market presence, stablecoin investors should understand the implications of this shift in 2025. Learn about the benefits, risks, and how platforms like Bitlet.app offer unique opportunities for investing in stablecoins.