USDC issuer Circle (NYSE: $CRCL) said Tuesday it was working with Sasai Fintech to expand access to the USDC (CRYPTO: $USDC) stablecoin across Africa.
Sasai Fintech, a subsidiary of Cassava Technologies, operates a suite of fintech services, including digital payments, mobile money, and social commerce.
Africa remains the world’s most expensive region for remittances, with average transaction fees exceeding 8%. According to Sasai, the integration of USDC will offer its users an alternative to legacy banking, enabling near-instant settlement at a fraction of the cost.
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“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.”
The deal aligns with Circle’s 2026 product vision. “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.”
The partnership follows Sasai’s recent collaboration with Western Union. Earlier this month, the two firms said they would roll out a new international money transfer mobile app tailored for South Africa’s consumers.
The rollout of USDC features within the Sasai app is expected to initially launch in select markets.
Shares of Circle are sitting at $125.37, down 1.05 percent in pre market trading.
finance.yahoo.com
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