Circle gains 10% on deals with Brazil’s Matera, Altman’s World

USDC issuer Circle has put its stablecoin live on World Chain and has partnered with Matera to allow Brazilian banks to offer multicurrency payments.

Shares in Circle Internet Group closed with a 10.7% gain on Wednesday after the stablecoin issuer partnered with Brazilian fintech Matera to support multicurrency bank payments, while its flagship stablecoin USDC also went live on OpenAI CEO Sam Altman’s World Chain.

World, formerly Worldcoin, said on Wednesday that around 2 million of its users held bridged USDC (USDC), a type of cryptocurrency that represents value ported across from another blockchain, which is “now upgraded to native USDC issued directly by Circle.”

Circle’s Cross-Chain Transfer Protocol, which allows USDC to be quickly transferred across blockchain, also went live for World’s 27 million users, who joined the network by scanning their eyes to prove they’re humans.

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