On February 10th, it was announced that the global payments giant Visa has officially launched an on-chain settlement system based on the Ethereum network, using USDC as the settlement medium. The service was quietly launched in December 2025, but its on-chain annualized transaction volume has already exceeded $3.5 billion, marking an acceleration of the traditional financial system’s migration to blockchain infrastructure.
By transferring some cross-border and institutional payments onto the blockchain, Visa provides corporate clients with 24/7 fund clearing capabilities, eliminating delays caused by banking hours and multiple intermediaries. The settlement cycle has been compressed from several days to just a few minutes, while also enhancing the traceability and transparency of fund flows. This change demonstrates that Ethereum is no longer just a smart contract platform but is evolving into a global-level clearing network.
Several industry observers point out that this “on-chain settlement + stablecoin” model significantly reduces reliance on traditional clearing systems, helping to lower costs, shorten cross-border payment times, and ease liquidity management pressures. The transparency of blockchain public ledgers also makes auditing more efficient, thereby reducing institutional settlement risks.
The crypto community generally views Visa’s move as a trend-setting signal, indicating that major financial companies now see blockchain as a practical payment infrastructure rather than a short-term speculative tool. Some analysts warn that other payment networks and blockchain projects may face increased pressure to upgrade quickly, or they may struggle to maintain an advantage in the new wave of financial technology competition.
In the long term, this integration could encourage more banks and fintech companies to explore on-chain stablecoin settlement solutions. Ethereum-based stablecoin payments, on-chain cross-border transfers, and enterprise-level blockchain clearing are becoming integral parts of the real-world financial system. Visa’s initiative not only validates the scalability of blockchain but also points to a new direction for the next phase of global payment network development.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Schwab Wealth Management opens Bitcoin and Ethereum trading: 38.9 million users enter, disrupting the crypto market landscape
Traditional finance giant Charles Schwab plans to launch “Schwab Crypto” in the second quarter of 2026, offering spot trading of Bitcoin and Ethereum to 38.9 million customers. This model will lower the investment threshold, change the previous way investors indirectly allocate to crypto assets, and meet market demand. Meanwhile, with low fees and a large customer base, Schwab may disrupt existing crypto platforms, and in the future it may also roll out stablecoin products to build a digital asset ecosystem.
GateNews33m ago
In the past 24 hours, liquidations across the entire network totaled $197 million, with short liquidations accounting for over 54%.
Gate News message, April 7, according to CoinAnk data, over the past 24 hours the entire network liquidated $197 million in total, including approximately $89.12 million in long positions and approximately $108 million in short positions. By coin, liquidations were approximately $98.06 million for Bitcoin and approximately $37.04 million for Ethereum.
GateNews1h ago
Ethereum spot ETFs had total net inflows of $120 million yesterday, and none of the ten ETFs had net outflows
On April 6, Ethereum spot ETF total net inflows reached $120 million, and all ten ETFs achieved net inflows. BlackRock’s ETF ETHA and Fidelity’s ETF FETH had single-day net inflows of $60.82 million and $40.05 million, respectively, with historical net inflows of $11.62B and $2.33B, respectively. Total net asset value was $12.28B, and the net asset ratio was 4.74%.
GateNews2h ago
The SEC will roll out new rules to “regulate cryptocurrencies”: defining what counts as fundraising and what falls under securities; it has already been submitted to the White House
The U.S. Securities and Exchange Commission (SEC) is set to roll out new rules for “regulating cryptocurrencies” to完善 the crypto asset regulatory framework and clarify whether trading constitutes a security. The rule is based on the 1933 Securities Act and may affect compliance pathways for mainstream assets, aiming to balance protecting investors with encouraging innovation.
GateNews3h ago
Bit Digital staked 43,335 ETH via liquid_col, worth approximately $91.34 million
Gate News message: On April 7, according to monitoring by Onchain Lens, Bitcoin mining company Bit Digital staked 43,335 ETH via liquid_col, worth approximately $91.34 million.
GateNews3h ago
Global central banks exploit crypto infrastructure at low cost, mBridge uses an Ethereum-based architecture
The global cryptocurrency market fell sharply between 2021 and 2022, while central banks in various countries began to use blockchain infrastructure developed by the private sector—such as the BIS’s mBridge project—without having to bear development costs. This model has sparked controversy, because when central banks adopt technology that has already undergone deep validation by the private sector, it may erode incentives for private-sector innovation and affect future financial venture investments.
MarketWhisper4h ago
