VALR and Mukuru Partner to Advance USD Stablecoin Savings in Africa
Johannesburg, South Africa, November seventeenth, 2025, Chainwire
- VALR has partnered with Mukuru to increase USD stablecoin infrastructure in South Africa, additional strengthening monetary entry on the continent by means of regulated crypto options
VALR, the biggest crypto trade in Africa by commerce quantity, has partnered with Mukuru, a number one monetary providers platform serving over 17 million prospects throughout Africa, Asia and Europe, to introduce a USD Coin (USDC) pockets. This collaboration supplies infrastructure for customers to entry USDC, a USD-backed stablecoin, supporting broader adoption of different financial savings choices in areas dealing with forex volatility.
The VALR-Mukuru partnership takes place in opposition to a backdrop of accelerating curiosity and regulatory readability in stablecoins globally, with the GENIUS Act – America’s first main federal laws on stablecoins – coming into regulation in July 2025. South Africa’s crypto asset regulatory framework has additionally offered a lot readability within the nation, with over 200 crypto asset service suppliers being licensed since April 2024, boosting its function as a hub for crypto innovation. Along with changing into a licensed Crypto Monetary Companies Supplier in 2024, VALR was granted an Over-The-Counter Derivatives Supplier license from the Monetary Sector Conduct Authority in October 2025, changing into one of many first recipients of those licenses for crypto belongings within the nation. VALR processed $9 billion in buying and selling quantity over the previous 12 months.
USDC, the second largest stablecoin on the earth with a market cap of over $75 billion, serves as an more and more vital retailer of worth in markets with restricted exhausting forex entry. In sub-Saharan Africa, stablecoins characterize 43% of crypto transaction quantity, per Chainalysis data, with South Africa and Nigeria on the forefront. The VALR-powered USDC pockets, accessible through Mukuru’s WhatsApp platform, permits Mukuru’s tens of millions of customers to buy, maintain, and promote USDC, lowering publicity to native forex fluctuations.
Farzam Ehsani, Co-Founder and CEO of VALR, said: “VALR is proud to help Mukuru with the crypto infrastructure wanted to launch this providing. This partnership is a profound step towards realising our shared imaginative and prescient of an inclusive monetary ecosystem that unites humanity, advancing monetary providers in society.”
Andy Jury, Group CEO of Mukuru, added: “This partnership with VALR is a transparent step ahead in our technique to allow Africa’s rising shoppers to ship, retailer, and spend worth seamlessly. It displays Mukuru’s evolution right into a platform that not solely facilitates on a regular basis monetary transactions but additionally opens doorways to financial savings and funding alternatives.”
About VALR
Based in 2018, headquartered in Johannesburg, and backed by main buyers together with Pantera Capital, Coinbase Ventures and Constancy’s F-Prime, VALR is a worldwide crypto trade providing a complete suite of merchandise—together with Spot Buying and selling, Spot Margin, Perpetual Futures, Staking, Lending, Borrowing, OTC providers, VALR Make investments, and VALR Pay. Licensed by South Africa’s FSCA, with regulatory approval in Europe, VALR serves over 1.6 million customers and 1,900 company and institutional purchasers worldwide. The trade is devoted to advancing a simply monetary future that upholds human dignity and the unity of mankind. For extra info, go to valr.com.
About Mukuru
Mukuru is a number one next-generation monetary providers platform serving over 17 million prospects throughout Africa, Asia and Europe. With greater than 100 million transactions processed throughout 570+ corridors, Mukuru leverages expertise to offer reasonably priced, accessible monetary providers through each bodily and digital channels. Recognised six instances within the FXC Intelligence Prime 100 Cross-Border Fee Firms, Mukuru can be an award-winning employer and innovation chief. www.mukuru.com
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