Circle,the company behind the USDC stablecoin, has announced a collaboration between one of its affiliates and Sasai Fintech, a business of Cassava Technologies, to accelerate USDC adoption and expand internet-native financial infrastructure across Africa. Issued through Circle’s regulated affiliates, USDC is a fully-reserved, transparent payment stablecoin redeemable 1:1 for U.S. dollars, powering programmable payments and financial applications worldwide.
Stablecoin use in Africa is growing rapidly, driven by mobile-first consumers, cross-border commerce, and a rapidly expanding digital economy. Together, Circle and Sasai Fintech will explore practical applications for USDC and how Circle’s full stack platform can support reducing costs, frictions and settlement time for Sasai’s enterprise and consumer customers.
Sasai Fintech operates across key payment corridors, offering a unified suite of digital financial services that enables business payments, facilitates cross-border transfers for individuals and remittance operators, and delivers innovative mobile wallet solutions.
PRESS RELEASE | Western Union Partners with Sasai Fintech to Expand Digital Remittance Access for South Africa’s Consumers
Through integration of USDC and Circle’s onchain infrastructure, these platforms can seamlessly connect users to the global financial system.
“Africa’s digital economy is entering a new era, propelled by entrepreneurship, a mobile-first generation, and the acceleration of intra-regional trade,” said Strive Masiyiwa, Founder and Executive Chairman at Cassava Technologies.
“By integrating with the trusted and widely adopted USDC network, we can drive financial inclusion and open transformative opportunities for businesses and consumers alike.”
“Emerging markets are at the forefront of stablecoin adoption, and Africa represents a significant opportunity for internet-native innovation,” said Jeremy Allaire, Co-Founder, Chairman and CEO at Circle.
“Working with Cassava, we can extend the benefits of USDC and onchain infrastructure into high-growth payment corridors to deliver always-on global connectivity.”
_______ About Sasai Fintech
Sasai Fintech is a pan-African Digital Payments Solutions provider, delivering simplified and inclusive payment and stablecoin digital dollar solutions. We enable businesses to lead their customers into a smarter, digital future by addressing the realities of fragmented infrastructure, cross-border complexity, and financial inclusion.
Sasai connects businesses and individuals across borders, simplifying transactions, accelerating growth, and empowering everyday financial lives in high-growth, underserved markets.
REGULATION | USDC Stablecoin Issuer, Circle, Already in Talks with Kenyan Government to Launch its Payments Network
Stay tuned to BitKE for updates on stablecoin developments in Africa.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
_________________________________________