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Visa brings USDC settlement to U.S. banks after $3.5 billion stablecoin pilotwww.coindesk.com/business/2025/12/16/visa-brings-circle-s-usdc-settlement-to-u-s-banks-following-usd3-5-billion-stablecoin-pilot
77 sats \ 2 comments \ @Scoresby 14h news
The new option is meant to give banks and fintechs near-instant funds movement, seven-day-a-week settlement and more predictable liquidity around weekends and holidays, while keeping the consumer card experience unchanged.
Somehow, still, in the year of our Lord 2025, banks can't figure out how to natively do seven-day-a-week settlement and have to resort to weird Rube Goldberg machines like USDC on Solona. What? They can't just run their own database?
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0 sats \ 0 replies \ @Coinsreporter 14h
In July there was news that BoA and JP Morgan could launch Stablecoin by the end of 2025 but seems like their (probably) partnering didn't go well.
Well I wonder what's changed now? They were all rejecting in unison of this Visa-stablecoin integration over the fears of cash outflows or deposit flight.
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0 sats \ 0 replies \ @Wumbo 14h
Somehow, still, in the year of our Lord 2025, banks can't figure out how to natively do seven-day-a-week settlement
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