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Visa Launches Stablecoin Settlement for U.S. Banks. Circle Stock Is the Big Winner.
will allow banks in the U.S. to settle transactions withVisausingUSDC, the stablecoin, the payments provider announced Tuesday, marking a big win forCircle Internet Group
.
The move is part of Visas stablecoin settlement pilot program. Issuers will benefit from faster funds movement, seven?day availability and enhanced operational resilience on weekends and holidays, the company said. Visa stock slipped 0.6% on Tuesday.
Circle, meanwhile, got a major boost. The company is the issuer of USDC, the worlds second-largest stablecoin, a type of cryptocurrency pegged to an asset such as the U.S. dollar and backed by reserves. The company is also developing its own blockchaina decentralized transaction ledgerand counts Visa as a design partner.
Circle shares jumped 8.9% to $82.16 on Tuesday. The stock has tumbled nearly 70% from its all-time closing high, but it is still up more than 165% from itsinitial public offering priceof $31 in June.
The settlement partnership with Visa helps card-issuing financial institutions modernize treasury and unlock new services while retaining the transparency and trust that USDC is known for, said Nikhil Chandhok, Circles chief product and technology officer.
Cross River Bank and Lead Bank have started settling with Visa in USDC over the Solana blockchain. Broader availability in the U.S. is planned through 2026, Visa said.
Institutional adoption of stablecoins has picked up in 2025, spurred in part by the passage of theGenius Actin July. The law established a regulatory framework for stablecoins.
