STABLECOINS | Nigerian Fintech, Kredete, Partners with VISA to Expand Stablecoin Card Innovation Across Africa and the Gulf

African fintech, Kredete, has partnered with Visa’s Africa division to expand stablecoin-backed card innovation across Africa and the Gulf Cooperation Council (GCC).

The announcement follows Kredete’s participation in the Visa Africa Fintech Accelerator where it was recognised as a standout alumni for its work in stablecoin card issuance.

Kredete, which focuses on providing credit-building and cross-border financial services to African users and diaspora communities, has developed a stablecoin-backed credit card in partnership with Visa. The card enables users to spend U.S. dollar-backed stablecoins at more than 150 million merchants globally through Visa’s network.

The product, built on stablecoins such as USDC and supported by blockchain settlement, is designed to

• reduce foreign exchange costs,
• improve transaction speed and
• expand access to global payments

for users across Africa.

Kredete said it is now accelerating the rollout of the card across additional African markets and expanding into GCC countries including

• The United Arab Emirates (UAE),
• Saudi Arabia and
• Oman,

as part of a broader push into new corridors.

The company, founded in 2023, aims to address long-standing barriers in cross-border payments and credit access by combining remittances, stablecoin infrastructure and credit-building tools into a single platform.

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