Circle and Onafriq Pilot USDC Payments for Lower Cross-Border Costs in Africa

A new partnership between Circle and Onafriq aims to revolutionize cross-border payments in Africa by utilizing stablecoins. The pilot program, launched with the goal of reducing expensive and slow traditional transfers, leverages the efficiency of USDC for settlements across 40 African countries. This move addresses a critical need for faster, cheaper transactions that often hinder economic growth on the continent.