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

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Related: Circle files for Initial Public Offering planned for AprilAfrica has huge potential for stablecoinsMiriam Kiwan, the vice president at Circle responsible for the Middle East and Africa, said Africa holds tremendous potential for digital asset innovation, particularly in the adoption of stablecoins for cross-border payments.“Together, we aim to transform how money moves across borders, offering secure and transparent digital payment rails that enhance economic empowerment and connectivity,” Kiwan said.

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.

On April 21, 2025, Circle launched the Circle Payments Network (CPN), a consortium of financial institutions aiming to streamline global fund movement and settlement using stablecoins.

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Article Details

Author / Journalist: Cointelegraph by Amin Haqshanas

Category: Crypto

Markets: United StatesNigerNigeriaUnited Arab Emirates

Topics: Payments Cross-border Onafriq Africa Financial Circle Network Transactions Usdc Bank Stablecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 10:00:00 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28296275

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