Circle Internet (CRCL) Jumps 10% as Visa Adopts USDC

Group 1 - Circle Internet Group (NYSE:CRCL) experienced a 10% increase in stock price, closing at $83, following Visa's announcement to allow US banks to transact using USDC stablecoins [1][3] - Visa's adoption of USDC is expected to enhance transaction speed, operational resilience, and provide seven-day availability for fund transactions without altering the consumer card experience [2][5] - Initial banking participants, including Cross River Bank and Lead Bank, have begun settling transactions with Visa in USDC over the Solana blockchain, with broader availability planned through 2026 [3][4] Group 2 - Visa's global head of growth products stated that financial institutions are seeking faster, programmable settlement options that integrate with existing treasury operations, which USDC settlement will provide [4][5] - Circle Internet Group has partnered with Visa for Arc, a new Layer 1 blockchain designed to support Visa's global commercial activities on-chain [6]