TLDR
- Visa expanded USDC settlement in the U.S. on Solana in December 2025.
- PayPal expanded PYUSD use for invoices and cross-border transfers by 2024.
- Stripe bought Bridge for $1.1 billion in early 2025 to grow stablecoin payments.
- Banks and networks are adding stablecoin rails before the Genius Act starts in 2027.
Stablecoinadoption is growing across Solana and Ethereum as financial firms prepare for new U.S. rules. The Genius Act is set to take effect on January 18, 2027. Before that date, banks, payment companies, and settlement networks are expanding blockchain-based payment tools.
Visa, Mastercard, PayPal, Stripe, and several banks are among the firms increasing activity in this area. Their work covers card funding, cross-border transfers, treasury flows, and business settlements. Solana and Ethereum remain central networks for this shift because they already support major stablecoins and tokenized assets.
Payment firms expand stablecoin settlement tools
Visa widened its stablecoin settlement work from earlier global pilots into the U.S. market in December 2025. It launched USDC settlement in the United States with early participants including Cross River Bank and Lead Bank on Solana. By late 2025, annualized volume had reached more than $3.5 billion, based on the details provided.
Mastercard also expanded infrastructure tied to stablecoin use. Its network now supports stablecoin-funded cards, payouts to digital wallets, and business-to-business payment flows. It has also worked with multiple digital assets, including USDC and PYUSD, to support broader settlement options.
PayPal continued to expand PYUSD after its 2023 launch. It used PYUSD for a business payment, including an Ernst and Young invoice, and it added PYUSD support to Xoom for cross-border transfers in November 2024. The company also launched the PYUSDx platform in the 2025 to 2026 period for custom token creation.
Stripe also moved deeper into stablecoin payments. In early 2025, it acquired the stablecoin firm Bridge for $1.1 billion. That deal added to signs that payment firms are building direct stablecoin tools ahead of new regulation.
Banks widen tokenized payment and settlement networks
Banks have also increased stablecoin and tokenized deposit activity. JPMorgan expanded JPM Coin to support euro-denominated payments, and Siemens became its first client for that service. The bank also launched JPMD, a deposit token on public blockchains, in 2025 for business payments.
Custodia Bank and Vantage Bank launched what was described as the first U.S. bank-issued stablecoin on a permissionless blockchain in March 2025. Anchorage Digital added Stablecoin Solutions for Banks in February 2026. The service allows licensed international banks to mint and redeem stablecoins such as USDT and USDtb under U.S. federal oversight for cross-border dollar settlement.
BNY Mellon deepened its partnership with Circle for direct USDC fund sends and redemptions. Citi also partnered with Coinbase to support stablecoin payment capabilities for institutional clients. Bank of America has indicated that it is ready to launch its own stablecoin once regulation is in place, while also taking part in joint work with Citigroup and Wells Fargo.
Global networks prepare for wider cross-border use
Swift said in September 2025 that it planned to add a blockchain-based shared ledger for stablecoin cross-border payments. Feedback came from banks including Bank of America, JPMorgan, and Wells Fargo. That move showed that legacy financial messaging networks are also preparing for blockchain-based settlement.
Zelle also announced plans in late 2025 to use stablecoins for faster international and cross-border payments. In Europe, Société Générale continued work around EURCV, its euro-pegged stablecoin, while adjusting the structure for MiCA compliance and expanded use after 2024.
Asset managers are also part of this trend. BlackRock’s tokenized fund BUIDL uses USDC for settlement. Franklin Templeton has also tokenized money market funds with stablecoin integration for faster settlement and liquidity. Together, these moves show that stablecoin adoption on Solana and Ethereum is growing across payments, banking, and asset management before the Genius Act rollout.
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