Circle Internet Group’s stock surged 10.7% on Wednesday after it announced two major deals, a USDC launch on World Chain and a partnership with Brazilian fintech Matera.
World Chain, created by OpenAI CEO Sam Altman’s Worldcoin project, officially onboarded native USDC on its blockchain. Previously, users held a bridged version of the stablecoin. Now, Circle is issuing USDC directly on the chain, making transactions faster and more efficient.
World said nearly 2 million users were already using USDC for remittances and Mini Apps like payments and e-commerce. Its 27 million verified users access the network by scanning their eyes with an Orb device. Circle also rolled out its Cross-Chain Transfer Protocol, enabling fast USDC transfers across blockchains.
In another move, Circle teamed up with Brazil’s Matera to support multicurrency bank accounts. Matera’s real-time ledger, Digital Twin, will allow banks to hold USDC alongside Brazilian reals and US dollars all in one system.
The platform connects with Brazil’s Pix payment system, offering near-instant settlement. Matera CEO Carlos Netto called this a “game-changer” for banks and fintechs aiming to scale globally.
Circle’s stock (CRCL), which was listed on June 5 at $31, closed just under $117 on Wednesday, a massive 280% surge since its debut. It dipped slightly in after-hours trading.
Meanwhile, World Chain is now live in six U.S. cities after earlier delays due to regulatory hurdles. Under a more crypto-friendly Trump administration, the project has resumed its expansion.
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