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Visa is expanding its stablecoin settlement program to U.S. banks, allowing partners to settle transactions using Circle’s USDC on the Solana blockchain.

The FDIC has proposed its first rule under the GENIUS Act, outlining how insured banks can apply to issue stablecoins through subsidiaries.

Crypto wallet firm Exodus is launching a fully reserved, USD-backed stablecoin in partnership with MoonPay, set to go live in early 2026.

Top stories in the Crypto Roundup today:

• Visa Expands USDC Settlement to U.S. Banks After $3.5B Stablecoin Pilot
• FDIC Proposes First U.S. Stablecoin Rule Under GENIUS Act
• Exodus to Launch USD-Backed Stablecoin With MoonPay in 2026

Visa Expands USDC Settlement to U.S. Banks After $3.5B Stablecoin Pilot

Visa is expanding its stablecoin settlement program to U.S. banks, allowing partners to settle transactions using Circle’s USDC on the Solana blockchain.

Cross River Bank and Lead Bank are the first institutions to adopt the system, which aims to provide faster, seven-day-a-week settlement and better liquidity control. The move builds on a global pilot that reached a $3.5 billion run rate, Visa said Tuesday.

Visa also plans to support Circle’s upcoming Arc blockchain and will serve as a validator once it goes live.

FDIC Proposes First U.S. Stablecoin Rule Under GENIUS Act

The FDIC has proposed its first rule under the GENIUS Act, outlining how insured banks can apply to issue stablecoins through subsidiaries.

The plan includes a 120-day review process, an appeals path for rejected applications, and a requirement for banks to submit details on business plans and financials. A 60-day public comment period began Tuesday.

Acting FDIC Chair Travis Hill said the process aims to balance oversight with minimizing red tape. A more detailed rule on capital and risk standards is expected in the coming months.

Exodus to Launch USD-Backed Stablecoin With MoonPay in 2026

Crypto wallet firm Exodus is launching a fully reserved, USD-backed stablecoin in partnership with MoonPay, set to go live in early 2026.

The token will fuel Exodus Pay, a new feature that lets users send and spend digital dollars without relying on centralized exchanges. MoonPay will issue and manage the stablecoin, with infrastructure support from M0.

The move places Exodus alongside other public companies like PayPal and Circle in offering stablecoin products. Rollout will vary based on regulatory approval in different regions.

State of the Crypto by Top Tier Exchange Volume

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