Summary
- Circle's share price closed up 10.7% the previous day following news of partnerships with the Brazilian fintech company Matera and World Chain.
- The collaboration with Matera enables Brazilian banks to support multi-currency accounts, and World Chain announced that about 2 million users have transitioned to native USDC issued by Circle.
- The application of Circle's Cross-Chain Transfer Protocol (CCTP) is expected to make USDC transfers within World Chain even smoother.
Circle, the stablecoin issuer, saw its share price close up 10.7% the previous day thanks to various partnerships.
On the 12th (local time), Cointelegraph reported, "Circle's stock closed up 10.7% the previous day. This boost was fueled by news of a multi-currency banking partnership with the Brazilian fintech company Matera, as well as the onboarding of its flagship stablecoin USD Coin (USDC) to World Chain."
Earlier, Matera announced that, through its alliance with Circle, Brazilian banks can now support multi-currency accounts. World Chain also disclosed, "Around 2 million users who previously used bridged USDC have now switched to natively issued USDC by Circle," highlighting the partnership. Circle's Cross-Chain Transfer Protocol (CCTP) has also been applied to World Chain's 2 million users, which is expected to enable smoother USDC transfers across chains.
Meanwhile, according to Yahoo Finance, Circle's share price closed up nearly 10.7% at $117.20 the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
