Banks can now settle transactions with Visa using Circle Internet Group's USDC.
Circle Internet Group (NYSE:CRCL) shares jumped 8.4% following Visa Inc (NYSE:V, XETRA:3V64)'s announcement that US banks can now settle transactions using the stablecoin USDC, a signal of broader institutional adoption of blockchain-based payment solutions. Visa's expansion brings stablecoin settlement to the US for the first time, initially allowing banking partners Cross River Bank and Lead Bank to settle using USDC on the Solana blockchain.
V launches a global stablecoins advisory practice, positioning itself as a guide for banks and fintechs entering the stablecoin market.
Visa has begun rolling out stablecoin settlement in the United States, allowing its U.S. issuer and acquirer partners to settle with Visa in Circle's USDC stablecoin. Cross River Bank and Lead Bank have started settling with Visa in USDC, and more U.S. partners will be onboarded through 2026, Visa said in a Tuesday (Dec.
Visa leads Zacks' top analyst reports as strong volume growth, cross-border gains and digital payments strength highlight its outlook.
Visa (V) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Visa remains a high-quality, long-term compounder despite recent range-bound performance due to macroeconomic headwinds and recession fears. V continues to deliver double-digit top and bottom line growth, with Q4 revenue at $10.7B and full-year EPS up 14.13%. Management expects double-digit growth in FY25, supported by network expansion, stablecoin initiatives, and robust free cash flow.
Visa expands its travel appeal as Collinson and On-us unlock instant access to 1,800+ lounges for eligible cardholders.
Visa Inc (NYSE:V) stock is 3.2% higher to trade at $335.98 at last glance, following an upgrade to "buy" from "neutral" at BofA Global Research.
The FIFA 2026 World Cup, set to be hosted across the United States, Canada, and Mexico, is expected to draw millions of visitors and generate a surge in consumer activity.
V's cross-border business surges with 11% volume growth, fueled by travel, e-commerce and new multi-currency and stablecoin features.
Recently, Zacks.com users have been paying close attention to Visa (V). This makes it worthwhile to examine what the stock has in store.