Circle, ACI Test USDC Settlement in Colombia

Circle and ACI Worldwide have announced an exploratory proof of concept to test how USDC settlement could work within Colombia’s existing banking and payment systems, pairing Circle’s stablecoin infrastructure with ACI Connetic, ACI’s cloud-based payment orchestration platform. The project is intended to examine how dollar-backed stablecoin settlement might operate alongside banks’ established payment, treasury and settlement processes, rather than replace them. Colombia is the initial market, where ACI developed central infrastructure supporting Bre-B, the country’s interoperable instant-payments network. The companies’ October 27 announcement describes an evaluation, not a commercial launch. It does not name participating banks or provide a date for commercial transactions. The announcement also does not establish that USDC is already settling through a live connection to Bre-B. The technical relationship between the project and the network has not been detailed. ACI Connetic is designed to manage transactions across payment systems, bringing conventional payment methods and digital assets into a single orchestration platform, according to the companies. The proof of concept...