Jointly maintained by crypto juggernauts Circle and Coinbase, $USDC ensures stability and a continuous peg to the dollar. This stablecoin is powering decentralized finance (DeFi) applications across the continent. Here is a list of some.

Key Players Leveraging $USDC in Africa:

1. AZA Finance: Pioneering the bridge between digital and fiat currencies, AZA Finance, formerly BitPesa, provides USDC liquidity to African businesses, revolutionizing cross-border transactions.

2. Yellow Card: Operating in 17 African countries, YellowCard is a crypto powerhouse facilitating free $USDC transactions across the continent, offering a suite of digital currency services.

3. FonBnk: Transforming mobile minutes into digital currency, FonBnk allows seamless swapping of airtime to $USDC within its app or directly from a web browser.

4. Chipper Cash: With over 5 million users, Chipper Cash optimizes cross-border settlements and merchant transactions, leveraging $USDC to reduce costs and friction in legacy payment systems.

5. Scalex: Bridging digital currency and banking, Scalex empowers African users to convert funds swiftly, providing easy access to $USDC for people across the continent.

6. ClickPesa Debt Fund: Managed by ClickPesa, this fund supports micro, small, and medium businesses in Africa, overcoming credit gaps with USDC-based credit facilities.

7. OnAfriq (MFS Africa): A digital payments gateway, OnAfriq connects millions to the global digital economy, utilizing $USDC for real-world applications, aligning with their mission of making borders matter less.

8. Flutterwave: Set to launch $USDC payment settlements in collaboration with Hedera blockchain.

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