Shares of Circle Internet Group, Inc. (NASDAQ:CRCL) are trading higher Tuesday after Visa announced that it would allow U.S. institutions to settle transactions using Circle’s USDC stablecoin.
- Circle Internet Group shares are climbing with conviction. Why is CRCL stock up today?
What To Know: With USDC settlement, Visa said issuers will have faster funds movement, seven‑day availability and enhanced operational resilience across weekends and holidays without any change to the consumer card experience. Initial partners for the program are Cross River Bank and Lead Bank, which have settled with Visa on the Solana blockchain. The program will expand throughout 2026.
Visa also became a design partner for Arc, a new Layer 1 blockchain developed by Circle. Visa further plans to utilize Arc for USDC settlement within its network and to operate a validator node once Arc goes live. It is currently in testnest.
“By bringing USDC settlement to the U.S., Visa is delivering a reliable, bank‑ready capability that improves treasury efficiency while maintaining the security, compliance and resiliency standards our network requires.” said Rubail Birwadker, Visa’s Global Head of Growth Products and Strategic Partnerships.
Circle also recently received conditional approval to establish a national trust bank, First National Digital Currency Bank. Once fully approved, First National Digital Currency Bank would operate as a federally regulated trust bank, subject to OCC oversight, and would oversee the management of the USDC Reserve on behalf of Circle’s U.S. issuer.
CRCL Price Action: Circle’s shares were up 8.18%, trading at $81.63 at the time of publication, according to Benzinga Pro.
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