VALR and Mukuru Team Up to Boost Stablecoin Savings Across Africa

• VALR and Mukuru roll out a USD Coin wallet designed for millions of African users.
• The newly built wallet supports direct access to USDC through Mukuru’s widely used WhatsApp platform.
• According to regional data, 43% of crypto activity stems from stablecoin with Africa and Nigeria leading the trend.

South Africa’s financial technology landscape is shifting as VALR and Mukuru roll out a USD Coin wallet designed for millions of African users seeking stable savings options. The move brings regulated digital dollars to everyday consumers during a period of rising inflation concerns, currency instability, and growing interest in alternative stores of value across the continent. 

According to the press release, the partnership aims to modernize cross-border finance, encourage safer digital savings, and give customers new tools that support long-term financial planning. It also signals that stablecoins are moving from early adoption to mainstream use in high-volatility regions.

Partnership Builds on Rising Stablecoin Demand

Interest in USD-linked stablecoins has surged across sub-Saharan Africa. Users want secure ways to hold value without exposure to weak local currencies. Hence, VALR and Mukuru built a wallet that supports direct access to USDC through Mukuru’s widely used WhatsApp platform. Mukuru serves more than 17 million customers across multiple regions. 

The new wallet lets these users buy, hold, and sell USDC with simple steps. The service meets rising demand for digital dollars in markets where access to physical USD remains limited.

Additionally, the rollout aligns with global regulatory momentum. The United States introduced its first major stablecoin law, the GENIUS Act, in mid-2025. 

South Africa also strengthened its rules on crypto assets and licensed more than 200 providers since 2024. VALR secured key approvals during this period and processed $9 billion in trading volume over the last year.

Related: Binance Tightens South Africa Rules, Requires Crypto Sender/Recipient Data

Stronger Infrastructure Supports Africa’s Digital Finance Growth

Stablecoins now represent 43% of crypto activity in the region, according to regional data. South Africa and Nigeria lead the trend. Consequently, the VALR-powered wallet strengthens the continent’s digital finance infrastructure by offering a regulated option for dollar-linked savings. It also reduces exposure to sudden currency shocks. 

Mukuru’s large footprint creates an opportunity for greater financial inclusion. Millions of users can now store value in a currency that holds steady during market swings.

The partnership shows how regulated crypto platforms and established financial service providers can work together. The integration supports safer digital money use and encourages long-term planning for families and small businesses. It also marks a shift toward broader adoption of stablecoins as everyday financial tools, not speculative assets.

Related: Cyber Crime Syndicates Expand Beyond Southeast Asia, UN Warns of Global Threat