Circle Makes Debut Africa Deal With Nvidia-Backed Cassava Unit Circle Internet Group Inc. has announced its first major partnership in Africa, collaborating with a unit of Nvidia Corp.-backed Cassava Technologies to enable customers to use USD Coin for transactions. This agreement marks a significant step for Circle, which operates the USD Coin stablecoin, as it expands its services into the African market. The partnership involves Cassava Technologies’ Sasai Fintech Ltd. unit, which manages a money-transfer application available across 30 African countries. Through this collaboration, users of Sasai Fintech’s platform can now conduct both domestic and cross-border payments using USD Coin, a dollar-backed stablecoin developed by Circle. This integration aims to enhance financial accessibility and efficiency for millions of users across the continent. Cassava Technologies, a company backed by Nvidia, has been actively expanding its presence in Africa by leveraging its technology infrastructure to support financial services. The Sasai Fintech unit has already established itself as a key player in the region, offering digital payment solutions to a wide range of customers. By partnering with Circle, the company is further solidifying its role in the growing digital finance ecosystem. The deal underscores the increasing importance of stablecoins in facilitating cross-border transactions, particularly in regions with underdeveloped traditional banking systems. USD Coin’s integration into Sasai Fintech’s platform is expected to reduce reliance on traditional currency exchange methods, offering users a more transparent and cost-effective alternative.#africa #nvidia_corp #circle_internet_group_inc #cassava_technologies #sasai_fintech_ltd
