Circle Internet Group, one of the world’s leading fintech firms behind the USDC dollar‑pegged stablecoin, has entered its first major partnership in Africa with Cassava Technologies, the pan‑African tech group led by billionaire Strive Masiyiwa. The collaboration aims to accelerate the use of stablecoins across the continent’s rapidly growing digital payments industry by integrating USDC into Cassava’s payment platforms and expanding access to digital dollar‑based transactions, according to Business Insider Africa.
Under the deal, Circle will work with Sasai Fintech, Cassava’s digital payments arm, to enable users in about 30 African markets to send, receive, and settle payments using USDC through mobile wallets and cross‑border payment systems. This integration could help reduce transaction costs and settlement times compared with traditional banking methods, benefiting businesses and individuals alike.
Officials from both companies say the initiative is part of a broader effort to modernise financial infrastructure in Africa and support greater financial inclusion, especially as mobile‑first solutions and digital commerce continue to expand across the continent. The partnership also underscores rising global interest in using stablecoins as tools for everyday payments, remittances, and enterprise transactions in emerging markets.
