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Home News Crypto

Circle Shares Surge 10.7% Following Brazil Fintech Deal and USDC Launch on World Chain

12 June 2025
in Crypto, News
Reading Time: 3 mins read
103 5
Circle Shares Surge 10.7% Following Brazil Fintech Deal and USDC Launch on World Chain

Source: CoinPedia

Stablecoin issuer Circle saw a notable boost in investor confidence on June 11, with its shares (CRCL) closing 10.7% higher following two major announcements: a strategic partnership with Brazilian fintech Matera and the integration of its flagship stablecoin, USDC, into World Chain, the blockchain project led by OpenAI CEO Sam Altman.

World Chain, formerly known as Worldcoin, revealed that around two million users who previously held bridged versions of USDC now have access to native USDC issued directly by Circle. The integration also introduces Circle’s Cross-Chain Transfer Protocol (CCTP) to the platform, enabling the seamless transfer of USDC across blockchains.

.@Circle‘s native @USDC stablecoin is now available on World. pic.twitter.com/5JXyvdfX59

— World (@worldcoin) June 11, 2025

The stablecoin is already being utilized on the network for remittances and within Mini Apps — tools designed for payments, e-commerce, and digital interactions. World Chain has over 27 million users globally, most of whom joined by verifying their identity through biometric iris scans.

On the same day, Brazilian payments firm Matera announced a new collaboration with Circle aimed at transforming how local banks handle multicurrency transactions. Through Matera’s Digital Twin real-time ledger, financial institutions will be able to hold USDC directly alongside Brazilian reals and U.S. dollars — all within a unified infrastructure.

The system is also integrated with Brazil’s real-time payment network, Pix, enabling banks and fintechs to support instant USDC-based transfers and settlements.

“Interoperability between stablecoins and local currency accounts is no longer a side project — it’s now at the heart of the financial system,”

said Matera CEO Carlos Netto.

Circle’s stock surged to nearly $117 before dipping slightly by 0.2% in after-hours trading, according to Yahoo Finance. The twin developments mark a significant expansion for Circle’s global stablecoin strategy and further signal the growing institutional and blockchain adoption of USDC.

Meanwhile, Circle recently received a $50 million investment from Japan’s financial powerhouse, SBI Holdings and its banking subsidiary, SBI Shinsei, marking a significant step in Circle’s strategy to expand USDC’s presence in Asia, signalling growing institutional confidence in the stablecoin sector.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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