Visa Enables 24/7 USDC Settlement via Polygon, Cutting Fintech Capital Costs
Visa has integrated Polygon as a settlement chain in its stablecoin program, enabling fintech issuers to settle weekend and holiday card flows instantly in stablecoins rather than waiting for bank systems. This change cuts working capital costs by reducing high weekend prefunding and collateral requirements through near-instant USDC settlement on Polygon.
1. Visa Adds Polygon as Settlement Chain
Visa has expanded its stablecoin settlement program by adding Polygon as an approved blockchain for USDC transactions, allowing card payment settlement beyond traditional banking hours. This integration lets issuers settle in stablecoins with finality after confirmed blocks, bypassing bank cut-offs, weekends and holidays.
2. Fintech Working Capital Cost Reduction
Fintech issuers historically fund large weekend volumes through prefunding or collateral to cover delayed fiat settlements via ACH or Fedwire. By settling on Polygon, those firms can reduce the amount of capital tied up in weekend prefunding and collateral, freeing resources for daily operations and growth.
3. Polygon’s Open Money Stack Framework
Polygon’s Open Money Stack provides full support for fiat-to-stablecoin conversion, on-chain custody and settlement workflows. With integrated wallets and partners like Coinme for regulated fiat-on/off ramps, issuers can seamlessly convert USD to USDC and settle card flows in seconds on Polygon.