Visa is enabling US banks to settle transactions using Circle's USDC stablecoin on the Solana blockchain. Cross River Bank and Lead Bank are among the first institutions to adopt this service, which reflects the changing regulatory landscape under the second Trump administration. Visa will also support Circle's upcoming Arc blockchain network.

Circle is set to launch Arc, an EVM-compatible Layer 1 blockchain that will use its USDC stablecoin as the native gas token. The announcement follows a strong Q2 performance, with revenue up 53% to $658 million, despite a net loss attributed to IPO-related charges.

Ant International, backed by Jack Ma, plans to integrate Circle's USDC stablecoin into its AntChain blockchain after meeting U.S. regulatory requirements. This partnership aims to enhance Ant's cross-border treasury and settlement services, potentially expanding USDC's reach to millions of users in various currencies.