Visa Crypto Executive Says Two U.S. Banks Use USDC on Solana for Settlement
According to SolanaFloor, Visa crypto business head Cuy Sheffield said Lead Bank and Cross River are settling transactions with USDC on Solana (high-speed blockchain network).
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Fact Check
The claim is supported by multiple independent tool observations pointing to the same underlying statement. The Odaily link was traced to the specific SolanaFloor X post at https://x.com/SolanaFloor/status/2044717731766050905, which is the immediate cited source for the report. Separate web search results also surfaced consistent secondary reports, including 'Visa partners with US banks to settle transactions in USDC on Solana' from Crypto Briefing and a Binance Square summary, both describing the same entities and action: Cuy Sheffield, Lead Bank, Cross River, USDC, and Solana settlement. However, direct fetch validation failed for the X post and the secondary articles, and no official Visa page was retrieved in this run. So the evidence coheres, but remains incompletely validated from primary official material.
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Summary
No Summary provided as the original text is short
Terms & Concepts
- USDC: A U.S. dollar-pegged stablecoin designed for blockchain-based payments and settlements.
- Solana: A high-speed blockchain network built to support fast and low-cost transactions.
- Settlement: The final transfer of funds between parties to complete a payment or transaction.