Mambo 👋 This week, Busha and Mastercard have a deal, while Tether and Fasanara Capital launch a $400M private credit fund to expand stablecoin powered lending.
The story
Mastercard partnered with Busha to expand Mastercard Crypto Credential across Africa.
The solution replaces long blockchain addresses with verified aliases and checks whether recipients can receive the specific digital asset before a transfer is completed.
Deals
Tether partnered with Fasanara Capital to launch a $400 million private credit fund focused on expanding stablecoin enabled lending to the real economy.
Tether is also an investor in LemFi, showing its growing push beyond stablecoins into the financial infrastructure built around them.
Launches
dLocal’s Ghanaian subsidiary secured an Enhanced Payment Service Provider licence from the Bank of Ghana, allowing it to expand its local payments business.
The Uruguay based payments company also builds stablecoin infrastructure for emerging markets, adding another stablecoin player to Ghana’s regulated payments ecosystem.
Regulation
Kenya’s Capital Markets Authority flagged 15 crypto entities for allegedly offering investment services without the required licences.
The Directorate of Criminal Investigations and other law enforcement agencies are investigating the firms.
Madini
How Flutterwave built its stablecoin strategy.
From inside
Stablecoins, Dollar Demand and the Direction of Causality.
On the record
Rain added 80+ payout countries, including 8+ countries across Africa.
Written from inside Africa with love 🇹🇿💚
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