Circle's stock price surged by 10.7% on the 12th (Wednesday) in the US market. This was attributed to investors' expectations rising after the company consecutively announced partnerships with Brazilian fintech firms Matera and World Chain for its stablecoin USDC.
Circle collaborated with Matera to support banking payment services using various legal currencies within the Brazilian financial system. This is expected to expand USDC's utilization in the Latin American region. USDC, a stablecoin pegged to the dollar, is known for its strengths in easy remittance and payment.
On the same day, World Chain (formerly Worldcoin), which authenticates users through iris recognition instead of fingerprints, announced that USDC has officially begun to be used on its platform. Previously, a bridged version of USDC was used, but now the 'native USDC' directly issued by Circle is integrated, which is significant. World Chain stated that approximately 2 million users currently hold USDC.
Additionally, Circle's 'Cross-Chain Transfer Protocol (CCTP)' has been applied to World Chain. Through this technology, users can quickly and safely move USDC between various blockchains. World Chain is a project where 27 million users have registered through iris authentication, and it is known to have been founded by OpenAI CEO Sam Altman.
Circle has been accelerating global partnerships and expanding real-world use cases for USDC. By simultaneously improving blockchain infrastructure and expanding collaborations, the company is further strengthening its competitiveness as a stablecoin.
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