Circle and Sasai Fintech are partnering to accelerate the adoption of USDC in Africa’s digital economy

Circle Internet Group, Inc., one of the world’s leading online financial platform companies, announced a partnership between one of its subsidiaries and Sasai Fintech, a subsidiary of Cassava Technologies, to accelerate the adoption of USDC and expand internet-based financial infrastructure across Africa. Issued by Circle’s regulated affiliates, USDC is a fully reserved, transparent payment stablecoin, redeemable 1:1 for U.S. dollars, that supports programmable payments and financial applications worldwide.

The use of stablecoins in Africa is growing rapidly, driven by consumers who primarily use mobile devices, cross-border commerce, and a rapidly expanding digital economy. Circle and Sasai Fintech will jointly explore practical applications of USDC and ways in which Circle’s comprehensive platform can help reduce costs, minimize friction, and shorten settlement times for Sasai’s corporate and individual clients.

Sasai Fintech operates in key areas of the payments sector, offering a comprehensive suite of digital financial services that enables business payments, facilitates cross-border transfers for individuals and money transfer service providers, and delivers innovative mobile wallet solutions. Through integration with USDC and Circle’s blockchain infrastructure, these platforms can seamlessly connect users to the global financial system.

“Africa’s digital economy is entering a new era, driven by entrepreneurship, a generation raised on mobile technology, and the acceleration of intra-regional trade. By integrating with the trusted and widely adopted USDC network, we can support financial inclusion and unlock groundbreaking opportunities for both businesses and consumers.” – Strive Masiyiwa, Founder and CEO of Cassava Technologies “Emerging markets are leading the way in stablecoin adoption, and Africa represents a significant opportunity for internet-based innovation. By partnering with Cassava, we can extend the benefits of USDC and blockchain infrastructure to rapidly growing payment corridors to ensure seamless global connectivity.” – Jeremy Allaire, co-founder, president, and CEO of Circle

“Africa’s digital economy is entering a new era, driven by entrepreneurship, a generation raised in the age of mobile devices, and the dynamic growth of intra-regional trade. By integrating with the trusted and widely adopted USDC network, we can support financial inclusion and unlock groundbreaking opportunities for both businesses and consumers.”

– Strive Masiyiwa, founder and CEO of Cassava Technologies

“Emerging markets are leading the way in the adoption of stablecoins, and Africa presents a huge opportunity for internet-based innovation. Through our partnership with Cassava, we can extend the benefits of USDC and blockchain infrastructure to rapidly growing payment corridors, ensuring seamless connectivity around the world.”

– Jeremy Allaire, co-founder, chairman of the board, and CEO of Circle