Circle stock rises after Visa launches USDC settlement in US

Investing.com -- Circle Internet (NYSE: CRCL) stock rose 3% Tuesday after Visa (NYSE: V) announced the launch of USDC settlement in the United States, marking a significant advancement for stablecoin integration in mainstream financial services.

The payment processing giant revealed that U.S. issuer and acquirer partners can now settle with Visa using Circle’s USDC, a fully reserved, dollar-denominated stablecoin. Initial banking participants include Cross River Bank and Lead Bank, which have begun settling with Visa in USDC over the Solana blockchain, with broader availability planned through 2026.

Visa’s stablecoin settlement framework offers seven-day settlement windows, modernized liquidity management, and interoperability between traditional payment rails and blockchain infrastructure. The company reported that its monthly stablecoin settlement volume has reached a $3.5 billion annualized run rate as of November 30.

"Visa is expanding stablecoin settlement because our banking partners are not only asking about it - they’re preparing to use it," said Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa.

Additionally, Visa announced it is serving as a design partner for Arc, a new Layer 1 blockchain developed by Circle that’s currently in public testnet. The company plans to utilize Arc for USDC settlement within its network and operate a validator node once Arc goes live.

Circle’s Chief Product and Technology Officer Nikhil Chandhok described the development as "a milestone for internet native money moving at the speed of software" that helps financial institutions modernize treasury operations.

The move builds on Visa’s stablecoin settlement pilots across global regions and follows the company’s initial experiments with USDC settlement in 2021.

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