Circle Internet Group (NYSE: CRCL) announced a collaboration with Sasai Fintech, a business of Cassava Technologies, to accelerate USDC adoption across Africa. The partnership aims to expand internet-native financial infrastructure on the continent through Circle's regulated stablecoin platform.

USDC is a fully-reserved payment stablecoin redeemable 1:1 for U.S. dollars and is issued through Circle's regulated affiliates. The collaboration will explore practical applications for USDC and examine how Circle's platform can reduce costs, frictions and settlement times for Sasai's enterprise and consumer customers.

Sasai Fintech operates across payment corridors, offering digital financial services including business payments, cross-border transfers for individuals and remittance operators, and mobile wallet solutions. The integration of USDC and Circle's onchain infrastructure will connect these platforms to the global financial system.

"Africa's digital economy is entering a new era, propelled by entrepreneurship, a mobile-first generation, and the acceleration of intra-regional trade," said Strive Masiyiwa, Founder and Executive Chairman at Cassava Technologies. "By integrating with the trusted and widely adopted USDC network, we can drive financial inclusion and open transformative opportunities for businesses and consumers alike."

Jeremy Allaire, Co-Founder, Chairman and CEO at Circle, stated that "emerging markets are at the forefront of stablecoin adoption, and Africa represents a significant opportunity for internet-native innovation."

The announcement comes as stablecoin use in Africa grows, driven by mobile-first consumers, cross-border commerce, and an expanding digital economy. The information is based on a company press release statement.