[PRESS RELEASE – Johannesburg, South Africa, November 17th, 2025]
- VALR has partnered with Mukuru to increase USD stablecoin infrastructure in South Africa, additional strengthening monetary entry on the continent via regulated crypto options
VALR, the most important crypto trade in Africa by commerce quantity, has partnered with Mukuru, a number one monetary companies platform serving over 17 million clients throughout Africa, Asia and Europe, to introduce a USD Coin (USDC) pockets. This collaboration offers infrastructure for customers to entry USDC, a USD-backed stablecoin, supporting broader adoption of other financial savings choices in areas dealing with foreign money volatility.
The VALR-Mukuru partnership takes place towards 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 supplied 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 property 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 necessary retailer of worth in markets with restricted exhausting foreign money entry. In sub-Saharan Africa, stablecoins signify 43% of crypto transaction quantity, per Chainalysis data, with South Africa and Nigeria on the forefront. The VALR-powered USDC pockets, accessible by way of Mukuru’s WhatsApp platform, permits Mukuru’s thousands and thousands of customers to buy, maintain, and promote USDC, lowering publicity to native foreign money 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 companies 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 world crypto trade providing a complete suite of merchandise—together with Spot Buying and selling, Spot Margin, Perpetual Futures, Staking, Lending, Borrowing, OTC companies, 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 shoppers 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 companies platform serving over 17 million clients throughout Africa, Asia and Europe. With greater than 100 million transactions processed throughout 570+ corridors, Mukuru leverages expertise to offer reasonably priced, accessible monetary companies by way of each bodily and digital channels. Recognised six occasions within the FXC Intelligence Prime 100 Cross-Border Cost Firms, Mukuru can also be an award-winning employer and innovation chief. www.mukuru.com
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