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

Circle, a stablecoin issuer, has partnered with Matera, a Brazilian banking technology firm, to integrate the stablecoin USDC into real-time banking systems. This initiative allows financial institutions using Matera’s Digital Twin ledger to offer USDC alongside BRL and USD, making the stablecoin available for direct use in payments and transfers within traditional financial platforms.

Through this integration, users can manage multiple currency balances, including stablecoins, from a single digital interface without necessitating significant overhauls of existing systems. By linking local payment rails like Brazil’s instant payment system PIX with Circle’s USDC platform, banks and fintechs can facilitate faster and lower-cost cross-border transactions in digital dollars.

According to Matera representatives, the move aims to reframe stablecoins from passive stores of value into active mediums of exchange. The company’s Digital Twin system, which operates in real time, now natively handles USDC, creating new possibilities for both domestic and international financial operations.

Circle officials noted that embedding USDC into Matera’s widely deployed infrastructure will enable Brazilian financial institutions to offer faster and more transparent global payments, with the stablecoin functioning similarly to local currency in supported platforms. USDC is a dollar-backed stablecoin issued by Circle’s regulated affiliates and backed by liquid cash and equivalent reserves, allowing for 1:1 redemption for USD.

Supporting a New Banking Model

This partnership supports the development of a ‘stablecoin-ready’ banking model, an approach where blockchain-based currencies operate within regulated financial systems. It is among the first in the region to provide direct interoperability between local currency accounts and stablecoins within a bank-grade core ledger environment.