VALR has partnered with Mukuru to create a new platform offering stablecoin savings solutions in South Africa, addressing the need for accessible financial tools amidst currency volatility. The partnership leverages VALR’s leading position in African crypto trading volume, and Mukuru’s extensive reach across Africa, Asia, and Europe. This collaboration introduces USDC wallets, providing users with alternative savings options supported by USD-backed stablecoin technology. This innovation follows increased regulatory clarity surrounding stablecoins globally and the GENIUS Act – a landmark federal legislation on stablecoins in America. South Africa’s robust crypto asset framework has also provided much needed clarity for the industry with over 200 licensed service providers since April 2024, further cementing its position as a hub for crypto innovation.