According to the source, Visa already uses USDC stablecoins to settle with merchant acquirers and expanded support to Solana and Ethereum to enable faster on-chain settlement; source: Visa Newsroom, Sep 5, 2023. The program involves partners Worldpay and Nuvei to facilitate USDC settlement for merchants alongside traditional rails; sources: Visa Newsroom, Sep 5, 2023; Circle Blog, Sep 5, 2023. Visa frames stablecoin settlement as improving speed and lowering costs versus legacy cross-border processes; source: Visa Newsroom, Sep 5, 2023. This connects card payment flows to USDC liquidity on Solana (SOL) and Ethereum (ETH), a relevant factor for monitoring on-chain activity and liquidity conditions; source: Circle Blog, Sep 5, 2023.

According to Jakob K, Clearpool is entering the PayFi sector to address the liquidity challenges in the trillion-dollar payments industry. While stablecoins offer instant settlement, traditional fiat transactions are delayed, requiring fintech companies to provide upfront liquidity. Clearpool's new solution aims to bridge this gap, potentially reducing liquidity risks and costs for fintechs, with implications for stablecoin adoption and crypto payment flows. Source: @JKronbichler