News · Decrypt

Circle Pushes Deeper Into Latin America With USDC Settlement in Colombia

Circle is expanding in Latin America by teaming up with ACI Worldwide to integrate USDC settlement into existing banking infrastructure, starting with a pilot in Colombia built on ACI's Bre-B instant-payments system. The pairing of USDC with ACI's Connetic orchestration platform is meant to show how stablecoin settlement can run alongside traditional payment rails rather than replace them. ACI's Craig Ramsey said the conversation is moving from possibility to practicality, while Circle's Kash Razzaghi described USDC as a bridge between traditional finance and the digital economy. Colombia is seen as a logical market given high cross-border remittance volumes and a population used to dollar savings as an inflation hedge. The pilot is designed to support other networks and digital-asset providers over time, and it follows Circle's earlier USDC integration with Argentina's Mercado Pago.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Decrypt ↗

Keywords

stablecoinscryptoCircleLatin America

Open a keyword to see other news on the same topic.

Related news

  • Securitize's tokenized stock value halves as Circle widens lead

    Tokens tracking Securitize's shares (SECZ) saw onchain market cap fall from a high of $430.4 million on Sept. 28 to $208.6 million, while tokens tracking Circle (CRCL) gained about 20% since Sept. 28 to a combined $383.6 million, retaking the top spot in the $3.3 billion tokenized stock market. The decline coincided with a sell-off in SECZ's NYSE shares, which erased gains following the Oct. 8 launch of its stock trading platform on Solana. Citi downgraded SECZ from Buy to Neutral on Oct. 13 amid concerns about tokenization revenue. SECZ closed Friday down 2.1% at $7.80, a market cap of $1.27 billion. SECZ remains the largest individual tokenized stock, while Binance's CRCLb on BNB Chain leads Circle's offerings at $154.1 million.

    Cointelegraph·cryptostablecoinsCircle
  • Circle shareholder sues Trump, World Liberty and Steve Witkoff over crypto deals

    Circle shareholder J. Benjamin Greenberg, who says he holds 10,000 ordinary shares, sued President Trump, World Liberty Financial, affiliated entities and Special Envoy Steve Witkoff in the US District Court for the District of Columbia. The complaint argues that a $2 billion investment by Abu Dhabi entity MGX in Binance using the USD1 stablecoin created a pathway for foreign governments to channel money through the Trump family's crypto company, leaving Circle unable to compete with its USDC. It asks the court to declare the president's conduct a violation of the Foreign Emoluments Clause and to bar similar deals without Congress' consent. The White House called the lawsuit “frivolous” and said Trump had “no conflicts of interest,” while Circle said it did not take part in the filing. The article also cites Public Citizen reporting that Trump's crypto ventures netted him $1.4 billion in 2025 while costing investors about $4.7 billion.

    Cointelegraph·▼ WLFI/USDT▼ TRUMP/USDTDonald Trumpcryptostablecoins
  • Circle Paid Its Partners $819 Million in Six Months . Can Ripple RLUSD Compete ?

    Circle Internet Group paid $819 million to more than 150 partners distributing USDC in the first half of 2026, according to Circle president Kash Razzaghi, in a payment that works like revenue sharing from the reserve income behind USDC. The payment encourages partners to keep USDC as their default dollar token, though Circle did not disclose how the amount is split among them. As of October 18, Ripple's RLUSD had a market cap of around $2.4 billion versus $72.3 billion for USDC, and about $58 million in 24-hour trading compared with $8.4 billion for USDC. Ripple is narrowing the gap through integrations such as Cross River Bank's service, which is limited to some U.S. states and carries no exclusive terms or volume guarantees. XRP was trading at about $1.30, down 6.9% over the past week.

    aol.com·stablecoinscryptoXRP
  • Circle defends USDC economics as stablecoin rivals court its partners with bigger cut

    Circle said it kept about 7 cents in net profit for each dollar of revenue in the first half of 2026, when it brought in $1.4 billion and paid $819 million in distribution and transaction costs. The remaining $473 million covered compliance, liquidity and product development, including about $214 million in stock-based compensation and related costs. The debate comes as Coinbase, Circle's largest USDC partner, also backs Open USD, a rival network with Stripe and BlackRock that passes reserve income to participants after a management fee. Circle argues reserve income must also fund redemptions, compliance and liquidity, and says standard USDC redemptions remain free, while Binance bought a $100 million stake in Circle in September.

    CoinDesk·stablecoinscryptoCircle
  • Circle Reveals $819 Million USDC Payouts As Stablecoin Economics Come Under Scrutiny

    Circle, the issuer of USDC, reported roughly $1.4 billion in revenue in the first half of 2026, of which around $819 million went to distribution partners and transaction-related costs. Another $473 million went to operational, compliance and technology spending, leaving a much smaller share of revenue as retained profit. Most of the income comes from interest on reserve assets, but making USDC available across exchanges, wallets and payment services is expensive, with Coinbase among its key partners. The article notes that competition from new issuers and traditional financial institutions, along with lower reserve yields from falling interest rates, could compress Circle's income.

    newsbtc.com·stablecoinscryptointerest rates
  • Circle Plans Push Into 40 Emerging Markets as Stablecoins Go Mainstream, CEO Says

    Circle plans to expand into roughly 40 emerging and developing countries, CEO Jeremy Allaire told Reuters, saying blockchain is entering a mainstream scaling phase. USDC holds about 25% of the stablecoin market versus roughly 60% for Tether's USDT, and its circulation rose 19% year over year to $73.3 billion in the second quarter. Circle has resources for the push, including its $400 million acquisition of payments firm Tazapay and a $100 million strategic investment from Binance. It secured a federal banking charter in July, which sent its stock higher. Allaire called the GENIUS Act, set to take effect in January, "a watershed moment," but warned that AI raises security risks for financial infrastructure.

    Yahoo Finance·Circlestablecoinscrypto

Related markets

Crypto →

Latest news

  • Amazon's anti-tokenmaxxing memo says engineers should be pickier about using AI

    Amazon has issued AI usage guidelines for software engineers in a memo to staff, circulated internally in September and posted on its website on Tuesday. The company discourages 'tokenmaxxing', where developers use AI as much as possible with little regard for output, and says metrics such as token usage, AI tool adoption rates and code changes or reviews are 'deeply flawed' ways to measure AI use, potentially raising costs and complexity. It nonetheless says such data should be considered 'with care and judgment' alongside other data, and prefers measuring teams by long-term outcomes. Amazon also says work that does not benefit from current AI tools is 'a finding, not a failing.' Earlier, the company shut down an internal leaderboard in May after employees were found tokenmaxxing to climb the ranks, and says it has not set caps on token usage.

    CNBC·artificial intelligenceAmazonsoftware
  • 3 Magnificent Stocks Trading Near Their 52-Week Lows

    This article highlights three leading stocks trading near their 52-week lows: Netflix (NFLX), American Express (AXP) and Uber Technologies (UBER), even as the S&P 500 has continued to climb. Netflix is down more than 30% this year on concerns about slowing growth and intensifying competition, but it still forecasts 13% full-year revenue growth and trades at 18 times earnings. American Express has fallen over 15% despite adjusted net income of $3.2 billion in the third quarter, up 11% year over year, and trades at a price-to-earnings multiple of 19 versus the S&P 500 average of 23. Uber trades at less than 15 times trailing earnings after revenue rose 12% and bookings increased 24% in the June quarter. The author argues the market is wrong to see autonomous driving as a risk to Uber, which could instead complement its existing platform.

    Yahoo Finance·• NVDANetflixAmerican ExpressUber
  • Coca-Cola Organic Revenue Jumps 7% Despite Flat North America Volumes. Here's What Investors Need to Know.

    Coca-Cola reported third-quarter revenue of $13.4 billion, up 7%, with organic revenue also up 7% and adjusted earnings per share of $0.91, up 11%. Global unit case volume rose 5%, driven mainly by Latin America, Asia Pacific and Europe, Middle East and Africa, while North American volume was flat and shares were down 1% in early afternoon trading. In North America, gains in Coca-Cola's trademark products were offset by declines in water, sports drinks, coffee and tea. Operating margin expanded to 33.4% from 32%, free cash flow reached $11.4 billion for the first nine months, and the company raised its full-year free cash flow forecast to at least $13 billion. The article suggests North America needs attention, even as international markets continue to support growth.

    Yahoo Finance·Coca-Colaearningsconsumer goods
  • Bitcoin Wallet Maker Keystone Pulls Devices as Stolen Key Opens Door to Fakes

    Keystone will destroy 18,835 unsold hardware wallets and has suspended shipping of unshipped orders after an attacker obtained the permanent factory WebAuth key used to verify its devices are genuine, which could let counterfeit wallets pass its own check. The breach, detected October 20, exposed 25,964 buyer records from its Shopify store covering 2024 to 2026, including names, contact details and shipping addresses, but Keystone says recovery phrases and private keys were not involved and devices delivered before October 20 are unaffected. Keystone admitted that an automated deletion tool failed, leaving records that should have been erased under its 180-day policy. It has cut retention to 90 days and expects erasure to finish on November 3. The company also warned that scammers posing as 'recall' staff are asking customers to ship devices to them.

    Decrypt·cryptocybersecurityhardware wallets
  • What's behind the AI trade comeback — plus, our take on Intel's latest deal

    Stocks rose again Tuesday as AI infrastructure names extended their rebound from last week's sell-off, with the Nasdaq up over 1% while the Dow was flat after Boeing fell over 9% following a statement that it won't significantly ramp up 737 Max production until late next year. The market grew more comfortable with AI funding concerns after Anthropic filed for an IPO, Meta upsized its common stock offering to $25 billion, and Broadcom secured $63 billion in financing for Anthropic to buy AI accelerators and networking solutions. Intel agreed to buy Classiq, a quantum computing software provider, reportedly for about $2.3 billion, and its shares rose 3.5%. The author says he would prefer Intel put its $20 billion stock offering proceeds toward expanding 14A foundry capacity, though he trusts CEO Lip Bu Tan's discipline. Hyperscale earnings from Alphabet, Microsoft and Amazon are the next catalyst, and Intel reports Thursday evening.

    CNBC·▲ NVDA▲ QQQartificial intelligenceIntelquantum computing
  • Amid the Anthropic IPO excitement, don't forget about earnings season

    Meta said it will raise $95 billion through stock offerings to support its AI build-out, while Anthropic published a 407-page IPO prospectus, but earnings season continues with results from Coca-Cola, Hilton, UPS and Whirlpool. The author says Hilton's revenue per available room grew 5.8% and the company remains an aggressive buyer of its stock, while UPS reported US sales up 4.5% and raised full-year guidance, suggesting higher fuel prices are not slowing travel. Coca-Cola raised its guidance and Coke Zero sales surged 16%, which the author reads as continued share gains over PepsiCo. Whirlpool posted an adjusted loss of $0.21 per share as costs rose and a near-frozen US housing market weighed on demand, and its stock is down more than 63% this year.

    Yahoo Finance·▲ QQQearningsIPOAnthropic

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.