Circle taps Onafriq to cut Africa’s cross-border payment costs with USDC

The USDC issuer expands further into Africa, joining forces with Onafriq to pilot stablecoin settlements across 40 countries and 200 million bank accounts.

Stablecoin issuer Circle has partnered with Onafriq, Africa’s largest payments gateway, to reduce the high cost of cross-border payments across the continent using USDC.

According to a press release shared with Cointelegraph, Circle aims to pilot USDC (USDC) settlements within Onafriq’s vast network, which connects over 500 wallets and 200 million bank accounts in more than 40 countries.

“By integrating USDC, we aim to simplify financial transactions for institutions and individuals, reduce costs and strengthen trust,” Onafriq founder and CEO Dare Okoudjou said.

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