Circle Shares Jump 10% On World Chain, Matera Partnerships, USDC Launch

HomeNews* Circle Internet Group shares rose 10.7% following new partnerships and platform integrations.

• Circle collaborated with Brazilian fintech Matera to enable multicurrency bank payments.
• Circle’s stablecoin USDC was launched on World Chain, a platform created by OpenAI CEO Sam Altman’s company.
• World Chain upgraded about two million user accounts to native USDC, supporting fast cross-chain transfers.
• The stablecoin issuer’s stock price has increased nearly 280% since its US public listing on June 5. Circle Internet Group shares rose 10.7% on Wednesday after the company secured major deals, including a partnership with Brazilian fintech Matera for multicurrency banking and the launch of USDC stablecoin on World Chain. These steps come as Circle aims to expand global payments and make cryptocurrency more accessible.

• Advertisement - Matera stated it will use Circle’s USDC stablecoin and its real-time ledger platform, Digital Twin, to allow banks in Brazil to manage accounts in US dollars, Brazilian currency, and USDC—all within one system. The solution will also connect to Brazil’s Pix payment system, making fast, stablecoin-powered transfers possible.

World Chain, previously known as Worldcoin, announced that roughly two million users who previously held bridged USDC now hold native USDC issued by Circle. The platform also introduced Circle’s Cross-Chain Transfer Protocol for its 27 million registered users, which allows fast transfers of USDC across various blockchains.

“Interoperability between stablecoins and local currency accounts is no longer a side project — it’s now at the heart of the financial system,” Matera CEO Carlos Netto said in a statement. “This is a game-changer for banks and fintechs looking to operate globally with near-instant settlement and low costs.” The company highlighted that users on World Chain have been using USDC for things like sending money home (remittances) and in-app payments.

Shares of Circle (CRCL) closed at just under $117 after the trading day, following news of these developments, according to Yahoo Finance. Circle went public in the United States on June 5, with shares beginning at $31 and soaring nearly 280% since.

World Chain began serving US users in April in cities like Atlanta, Los Angeles, and San Francisco. Users sign up using face or eye scans with the Orb device to receive Worldcoin’s native token, WLD. The company has faced regulatory scrutiny over privacy and compliance in some countries, including suspensions in Spain and Portugal.

Previous Articles:

• GameStop Raises $1.75B, Expands Bitcoin Treasury Strategy
• Stripe Acquires Crypto Wallet Firm Privy to Expand Digital Assets Reach
• French Police Arrest More in Crypto CEO Kidnapping, Mutilation Case
• Interactive Strength Allocates $500M for Fetch.ai-Focused Crypto Treasury
• FSB Chair Warns of Stablecoin Risks After Circle’s Market Debut

• Advertisement -