Circle, ACI Worldwide to test USDC settlement in Colombia’s banking system

Circle and ACI Worldwide have announced a USDC settlement proof of concept in Colombia, seeking to demonstrate how financial institutions can use dollar-backed stablecoins within their existing banking and payment operations. Summary Circle and ACI Worldwide announced a USDC settlement proof of concept initially focused on Colombia. The project combines Circle’s digital-dollar infrastructure with ACI Connetic’s payment orchestration platform. ACI already supplies core technology supporting Colombia’s Bre-B instant payments network. The companies have not announced live USDC settlement through Bre-B or identified participating banks. The initiative will examine how stablecoin settlement fits existing banking, treasury and payment workflows. According to the companies’ October 27 announcement, the project will combine Circle’s USDC infrastructure with ACI Connetic, a cloud-based platform that manages transactions across different payment systems. Colombia will serve as the initial market, drawing on ACI’s existing role in the country’s Bre-B instant payments network. The collaboration remains an exploratory project. Neither company announced a live USDC settlement connection to Bre-B...