Circle Internet Group (NYSE:CRCL) surged 10% on Tuesday to $83 per share after Visa announced plans to settle with USDC stablecoins. Initial banking partners include Cross River Bank and Lead Bank, with broader US availability expected by 2026. Visa’s adoption of USDC is a significant win for CRCL, the issuer of USDC stablecoins.

Visa’s global head of growth products, Rubail Birwadker, stated that financial institutions are seeking faster settlement options. Visa aims to provide a reliable, bank-ready solution with USDC settlement in the US. In addition, Circle Internet Group (NYSE:CRCL) partnered with Visa for Arc, a new blockchain to support Visa’s global commercial activity.

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Read more at Yahoo Finance: Circle Internet (CRCL) Jumps 10% as Visa Adopts USDC