Business
Zimbabwean Billionaire’s Firm Partners with US Fintech to Expand Stablecoins in Africa
Zimbabwean billionaire Strive Masiyiwa’s Cassava Technologies has partnered with US fintech Circle Internet Group Inc., to expand the use of the dollar-pegged stablecoin USDC across Africa.
The deal, Circle’s first venture on the continent, integrates USDC into Sasai Fintech Ltd., Cassava’s digital payments arm, enabling seamless cross-border transactions and broader financial access. Sasai operates in more than 30 African markets, giving the partnership the potential to reach millions of users.
Masiyiwa framed the collaboration as a catalyst for new economic opportunities, highlighting Africa’s mobile-first, tech-savvy population and growing cross-border commerce. The integration of USDC aims to support businesses, streamline payments, and foster financial inclusion.
Stablecoins are gaining traction in Africa as a tool to simplify complex transactions and serve as a store of value in countries facing currency volatility. Their adoption underscores the continent’s shift toward digital finance amid rapid tech adoption.