Brazilian fintech Matera is collaborating with Circle to enable the use of stablecoins as a payment method integrated into banks’ core systems.
This partnership allows Matera to integrate Circle’s USDC stablecoin, facilitating interoperability between local currency balances and digital dollars. The focus is on utilizing stablecoins for everyday near-instant payments through banking and fintech platforms supported by Matera’s real-time ledger, Digital Twin.
The integration between Digital Twin and Circle’s platform enables financial institutions to provide seamless multi-currency account experiences, allowing Brazilian reais, US dollars, and USDC balances to coexist and operate in real time. Furthermore, it connects local payment systems (like PIX) to global liquidity in USDC, making global payment operations faster, cheaper, and more transparent.
“Interoperability between stablecoins and local currency accounts is now central to the financial system. This development is a game-changer for banks and fintechs seeking to operate globally with near-instant settlement and low costs,” says Carlos Netto, CEO of Matera.