Shares of Circle rallied sharply after Visa announced the launch of USDC settlement for U.S. banks. Circle stock gained more than 10% as investors welcomed clearer revenue prospects tied to stablecoin-based payment flows.
Visa confirmed that U.S. issuer and acquirer partners can now settle transactions directly in USDC, a fully reserved, dollar-backed stablecoin.
Settlement occurs within Visa’s network, bridging traditional payment rails with blockchain infrastructure. Cross River Bank and Lead Bank are the first participants and have already begun settling transactions on the Solana blockchain.
Visa said the settlement framework allows seven-day settlement cycles, improving liquidity management for institutions. The program has already reached an annualized run rate exceeding $3.5 billion.
Visa executives described the expansion as demand-driven, positioning stablecoin settlement as a long-term strategic investment rather than an experimental initiative.
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