Visa Leverages Solana’s 0.4s Finality for USDC Settlements with Worldpay and Nuvei
V•Visa expanded its USDC settlement program on Solana in 2023 with merchant acquirers Worldpay and Nuvei, leveraging Solana’s 0.4-second finality and $0.0013 average fees. Institutional use cases span JPMorgan’s $50 million USDC paper issuance, BlackRock’s $525.4 million BUIDL fund, and Franklin Templeton’s tokenized ETF on the same rails.
1. Visa Expands USDC Settlement Program
In 2023, Visa extended its USDC settlement initiative to Solana, partnering with merchant acquirers Worldpay and Nuvei. This integration enables direct stablecoin settlement for cross-border transactions while maintaining compliance and programmability via Solana’s Token-2022 standard.
2. Solana Network Performance
Solana processed 33 billion transactions in 2025 at an average fee of $0.0013 and achieved transaction finality in approximately 0.4 seconds. These metrics address inefficiencies in traditional settlement systems, which incur $32 billion to $45 billion in annual capital costs due to delayed bond and Treasury settlements.
3. Broader Institutional Adoption on Solana Rails
Major financial firms are building on Solana: JPMorgan executed a $50 million USDC commercial paper issuance, BlackRock’s BUIDL fund reached $525.4 million, and Franklin Templeton launched tokenized ETFs. PayPal’s PYUSD and Goldman Sachs’ $108 million SOL holdings further underscore the network’s growing enterprise use cases.
