{"id":155905,"date":"2025-05-01T14:00:33","date_gmt":"2025-05-01T11:00:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=155905"},"modified":"2025-04-30T17:04:04","modified_gmt":"2025-04-30T14:04:04","slug":"circle-targets-africas-5b-payment-problem-with-stablecoin-push","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/circle-targets-africas-5b-payment-problem-with-stablecoin-push\/","title":{"rendered":"Circle Targets Africa\u2019s $5B Payment Problem with Stablecoin Push"},"content":{"rendered":"<p>The collaboration aims to tackle one of the continent\u2019s most expensive financial challenges: the $5 billion annually lost to overseas intermediaries.<\/p>\n<p>Onafriq, which connects hundreds of millions of users across over 40 countries, will pilot USDC settlements to bypass the outdated banking routes still dominating intra-African transactions. CEO Dare Okoudjou says the goal is to make sending money easier, cheaper, and more trustworthy for both people and institutions.<\/p>\n<p>Circle, meanwhile, sees Africa as fertile ground for stablecoin adoption, particularly as local currencies like Nigeria\u2019s naira continue to nosedive. Stablecoins already make up nearly half of crypto activity in Sub-Saharan Africa, driven by the need for more reliable value storage and transfer.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-155849\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>This isn\u2019t just a regional push\u2014Circle has been accelerating globally. Its newly launched Circle Payments Network is bringing together traditional banks and fintechs to modernize how funds move internationally. The company also just received preliminary regulatory approval in Abu Dhabi, setting the stage for further expansion into the Middle East.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a move to reshape how money moves across Africa, Circle is teaming up with Onafriq to introduce USDC as a low-cost, digital alternative for cross-border payments.<\/p>\n","protected":false},"author":3,"featured_media":2502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[28],"tags":[424,71],"coin_category":[],"class_list":["post-155905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-crypto","tag-stablecoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Circle Targets Africa\u2019s $5B Payment Problem with Stablecoin Push<\/title>\n<meta name=\"description\" content=\"In a move to reshape how money moves across Africa, Circle is teaming up with Onafriq to introduce USDC as a low-cost...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/circle-targets-africas-5b-payment-problem-with-stablecoin-push\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Circle Targets Africa\u2019s $5B Payment Problem with Stablecoin Push\" \/>\n<meta property=\"og:description\" content=\"In a move to reshape how money moves across Africa, Circle is teaming up with Onafriq to introduce USDC as a low-cost...\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-01T11:00:33+00:00\" 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