Circle and Matera Team Up to Integrate USDC into Real-Time Banking Systems

The collaboration between stablecoin issuer Circle and Brazilian banking technology firm Matera brings USDC directly into real-time banking systems, enhancing payment and transfer capabilities for financial institutions.

This integration allows users to manage multiple currency balances, including the stablecoin, through a single digital interface. It ensures that traditional financial platforms can now offer USDC alongside BRL (Brazilian Real) and USD without needing extensive system overhauls.

By connecting local payment rails such as Brazil’s instant payment system PIX with Circle’s stablecoin platform, banks and fintechs can facilitate faster, lower-cost cross-border transactions using digital dollars. This move aims to reframe stablecoins from passive stores of value into active mediums of exchange within real-time, bank-grade environments.

Representatives from Matera state that the partnership is designed to support a more efficient and transparent global payment system, where USDC operates similarly to local currency in supported platforms. According to officials at Circle, embedding USDC within Matera’s infrastructure enables Brazilian financial institutions to offer faster and more accessible international payments.

USDC is a dollar-backed stablecoin issued by Circle’s regulated affiliates and backed by liquid cash reserves, ensuring a 1:1 redemption for USD. This asset is part of Circle’s broader strategy to provide digital currency infrastructure globally.