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Earlier today on Tuesday, September 5, payments giant VISA announced that it's expanding its USDC settlement pilot to the Solana blockchain network. VISA believes that Solana will help them achieve enterprise-grade throughput at virtually zero cost for all Visa issuers and merchant acquirers on Solana.

Circle has officially launched its native USDC token on the OP mainnet.

According to a press-release published by Business Wire, global payments behemoth Visa steps up to continue its experiments with crypto. This time, it intends to expand stablecoin settlement capabilities using USDC dollar-pegged stablecoin and use the Solana blockchain to begin pilot programs with merchant acquirers – Worldpay and Nuvei.

USDC stablecoin issuer Circle is likely set to make a big announcement soon following the recent revelation that US-based crypto exchange Coinbase acquired a stake in the company. The deal announcement came at a crucial time when the US lawmakers are working on a bill to regulate the stablecoin market.

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue: Worldcoin reaches record verifications in Argentina, Circle partners with Mercado Pago to bring USDC to Chile, and Binance launches a Latam-focused remittance solution.

In a groundbreaking development that promises to reshape the landscape of digital finance, cryptocurrency pioneer Circle has unveiled its revolutionary stablecoin, USDC. As the global leader in financial technology, Circle has harnessed the power of blockchain technology to deliver a seamless and secure solution for transferring funds between traditional banking systems and the world of blockchain-based finance.

Uniswap Labs has launched a Bug Bounty Program to encourage ethical hackers and security researchers to report vulnerabilities in its contracts. Successful disclosures can earn rewards of up to 2,250,000 USDC, targeting Universal Router Contract Code, Permit2 Contract Code, V3 Contract Code, and UniswapX Contract Code.

Circle, the creator of USDC stablecoin, is expanding its reach to six new blockchain ecosystems, including Base, Cosmos via Noble, NEAR, Optimism, and Polkadot, solidifying its market leadership.

USDC issued by Circle will reportedly be “native to OP Mainnet and can be considered the official form of USDC for the ecosystem.” Over time, native USDC liquidity may “grow and replace the currently circulating bridged USDC liquidity that comes from Ethereum.

For most of 2022, USDC was close to catching its rival Tether. But that figure has been shrinking—and fast.

In a groundbreaking move set to reshape the landscape of Ethereum's Layer 2 ecosystem, Circle, a pioneering blockchain startup, has joined forces with the Optimism network to unveil a native version of the popular USDC stablecoin. This partnership signals a significant step forward for both projects, promising enhanced scalability and liquidity while captivating a diverse community of users.

Circle is set to unveil its native version of USD Coin (USDC) on the recently launched Base network. CEO Jeremy Allaire confirmed the impending development in a social media announcement on August 29.

Circle, a financial services company, has announced a new partnership with Mercado Pago, Mercado Libre's digital payments wallet, to bring the USDC stablecoin to its Chilean customers. The partnership will allow millions of users in Chile to access USDC via Mercado Pago's services and leverage it as a digital representation of the U.S.

In a groundbreaking move poised to reshape the stablecoin landscape, Circle, the leading fintech company, has announced an eagerly awaited integration of its native USDC (USD Coin) with the OP Mainnet. This strategic development, strategically unveiled during the “Stable September” initiative, holds the potential to unveil a treasure trove of insights into the rapidly evolving stablecoin ecosystem.

USDC to be available natively on Optimism, boosting liquidity and user experience.

Ethereum-based Layer 2 blockchain protocol is set to welcome USDC stablecoin following a strategic partnership with Circle, the blockchain start-up behind the token issuance. As Circle announced, the USDC that will be launched will be native to the Optimism ecosystem and can be considered the official format of the stablecoin.

Coinbase (Nasdaq:COIN) is acquiring an equity stake in crypto operator Circle Internet Financial. As part of the move, the joint venture between Coinbase and Circle, Centre Consortium, is being shut down.

Circle launches native USDC on OP Mainnet, replacing Ethereum bridged liquidity. Collaborating with Optimism, it will be available on Coinbase's Base, Solana, Ethereum, and Mercado Pago.

The major stablecoin company Circle said it will launch its USDC stablecoin natively on two blockchains in the first week of September. The company said on Aug. 30 that it will launch USDC on Optimism's OP Mainnet.

Coinbase and Circle – the company behind USDT's largest competitor, USDC – have been working together closely since the beginning.

Base's imminent embrace of native USDC could herald a transformative phase, with CEO Jeremy Allaire's revelation sparking curiosity about its impact on stability and liquidity.

Base Network readies to integrate native USDC, marking a pivotal step for enhanced liquidity and decentralized ecosystem growth.

Circle has announced an innovative cooperation with renowned e-commerce platform Mercado Libre in a strategic deal to transform the digital payments sector. Meanwhile, the collaboration will introduce the well-known stablecoin, USD Coin (USDC), to users of Mercado Libre's subsidiary Mercado Pago.

"Chile is our first flag thanks to its vibrant technological ecosystem,” Dante Disparte, Circle chief strategy officer and global policy head told Decrypt.