$BTC According to Cointelegraph, shares of Circle Internet Group surged by 10.7% on Wednesday after a strategic partnership with Brazilian fintech company Matera. This collaboration aims to streamline multi-currency banking payments, while Circle's main stablecoin, USDC, has been integrated into the World Chain of OpenAI CEO Sam Altman.
World, formerly known as Worldcoin, announced that approximately 2 million of its users now hold bridge USDC, a cryptocurrency representing value transferred from another blockchain network. This was upgraded to native USDC issued directly by Circle. Furthermore, Circle's Cross-Chain Transfer Protocol, which allows for the rapid transfer of USDC between blockchains, is now available to 27 million World users. These users joined the network by scanning their eyes to verify their humanity. World reported that USDC is used in its network for transferring funds and in Mini Apps, which offer tools for payments and e-commerce.
In parallel development, Matera unveiled its partnership with Circle to enable Brazilian banks to support multi-currency accounts. Matera plans to utilize its real registry, Digital Twin, to allow financial institutions to hold USDC from Circle directly alongside Brazilian reals and US dollars. This integration aims to simplify the infrastructure necessary for such operations. The solution will also be connected to local payment systems, including Brazil's Central Bank Pix, facilitating the use of USDC in transactions and transfers. Matera's CEO Carlos Neto emphasized the significance of interoperability between stablecoins and local currency accounts, describing it as a transformational development for banks and fintechs seeking global operations with near-instant settlement and low costs.
