Key Takeaways:
Visa's stablecoin settlement platform, SBI's Solana Global initiative, and Ramp's network of 70,000 merchants are converging on Solana for enterprise B2B payments.
Visa added Solana to its stablecoin settlement platform, joining a push by Japanese financial group SBI Holdings and payments firm Ramp to route USDC-based B2B transactions through the blockchain, three initiatives that together signal a shift toward Solana as a preferred settlement layer for corporate payments.
"Solana's high throughput and low transaction costs make it viable for enterprise-grade settlement at scale," said a person familiar with Visa's platform expansion, speaking on condition of anonymity because the details are not public.
Ramp processes transactions for more than 70,000 businesses across 150 countries, according to its website. The company has integrated USDC on Solana as a settlement option, enabling near-instant cross-border transfers at a fraction of the cost of traditional wire networks. SBI's Solana Global initiative, announced earlier this year, aims to build enterprise-grade stablecoin settlement infrastructure targeting Japanese financial institutions.
The convergence of a global payments network, a major Asian financial group, and a broad merchant base onto a single blockchain for settlement could accelerate the migration of corporate treasury operations onto public blockchains. The global stablecoin market is forecast to grow to nearly $183 billion by 2033 from $3.3 billion in 2025, according to Grand View Research.
Visa's Stablecoin Platform Goes Multi-Chain
Visa's stablecoin settlement platform, which allows participating issuers and acquirers to settle fiat-backed transactions on-chain, initially launched with Ethereum. The addition of Solana expands the network's reach to a blockchain that processes thousands of transactions per second at sub-cent fees, compared with Ethereum's variable gas costs that can spike during congestion.
Visa reported 4.7 billion branded cards in circulation with total volume of $16.7 trillion in its 2025 annual report. Even a fraction of that volume moving through on-chain settlement represents a significant addressable market for stablecoin infrastructure.
SBI and Ramp Bring Enterprise Distribution
SBI Holdings, one of Japan's largest financial groups, has been a vocal proponent of blockchain-based settlement. Its Solana Global initiative targets the country's banking sector, where cross-border settlement still relies on correspondent banking networks that can take days to clear.
Ramp's integration of USDC on Solana gives its 70,000 business clients access to dollar-denominated settlement without needing a traditional bank account in the U.S. The company supports fiat on-ramps and off-ramps across 150 countries, making it one of the largest distribution channels for stablecoin-based B2B payments.
The combined reach of Visa's payment network, SBI's institutional relationships in Japan, and Ramp's global merchant base creates a distribution funnel that could drive sustained demand for USDC on Solana. Higher transaction volumes on the network generate fee revenue for validators and could attract additional enterprise partners seeking to build on a proven settlement layer.
This article is for informational purposes only and does not constitute investment advice.
