Mambo 👋! JPMorgan is heading to Nigeria, MoneyGram is using stablecoins behind the scenes, and Stanbic Ghana is exploring stablecoins for trade with Asia.
From global banks to payment companies, stablecoins are finding their way into how money moves across Africa.
Let’s get inside!
The story
Checker partnered with MoneyGram to support its treasury and foreign exchange operations using stablecoins.
MoneyGram serves over 60 million active customers across more than 200 countries and territories. While most stablecoin remittance news focuses on customer apps and wallets, Checker is working behind the scenes, helping MoneyGram’s treasury team access liquidity and move money using stablecoins.
Deals
No major funding deal caught our attention this week, but the bigger story is where investors are putting their money. Let’s look at how VCs are backing stablecoin projects in 2026.
Launches
Lipaworld planned to integrate ZARU, a South African rand stablecoin, to allow business customers access the South African rand alongside global stablecoins such as USDC and EURC.
Regulation
JPMorgan, the largest bank in the US, deposited $38 million with the Central Bank of Nigeria to launch a merchant bank in Nigeria this year. The bank is also building a global blockchain payments network that includes stablecoin-related services.
Madini
Raenest CEO explained why African businesses still struggle to move money across borders.
From inside
What happens if JP Morgan tomorrow said; Tether, Circle and Ripple, we are willing to hold your reserves now?
On the record
Stanbic Bank Ghana is exploring stablecoin payments for trade with Asia through a proposed partnership with Hong Kong based RD Technologies.
Written from inside Africa with love 🇹🇿💚
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