Mambo 👋 This week, stablecoin companies announced fresh funding, regulatory approvals, and deeper partnerships with incumbents, making the ecosystem even more stable.
The story
Stabyl raised $2.7 million in pre seed funding to build a stablecoin powered FX liquidity platform for financial institutions and payment providers across Africa.
Konga led the round and will also serve as Stabyl’s first customer through KongaPay, another example of stablecoin infrastructure being adopted by existing platforms rather than launched as standalone products.
Deals
Daya, a stablecoin-native payments platform, raised $2.4 million in pre-seed funding to build cross-border payment infrastructure for African businesses operating in global markets.
The co-founder said the company is positioning stablecoins as backend infrastructure, with customers focused on receiving payments, accessing dollar accounts, or moving money across borders rather than interacting directly with blockchain.
That is the thesis we have been building: in Africa, stablecoins may not arrive as products people use directly, but as infrastructure powering the platforms they already trust.
Launches
Nigeria’s investment platform Chaka rebranded to Hisa and added stablecoin deposits, another sign that stablecoins are expanding beyond payments into investing.
Regulation
Yellow Card secured a Swiss AML affiliation, allowing it to offer regulated virtual asset services through a supervised entity.
We have been tracking another pattern: Africa focused stablecoin companies are increasingly securing global licenses. Africa remains the primary market, but credibility, compliance, and cross border trust are being built globally.
Madini
Why Opera-backed MiniPay wants Africans to spend stablecoins.
“Local rails are important, but they are fragmented by country and provider. Cards are different. They travel better. They work online, across borders, and in many real-world spending contexts where local payment methods may not.” - MiniPay team
From inside
Another example of how global payment platforms are increasingly relying on African fintech infrastructure, where stablecoin rails are becoming part of the backend.
On the record
Two year old Nuvion, which powers stablecoin payments for Flutterwave, is integrating Visa Direct into its platform.
The gap between stablecoin infrastructure and traditional payment rails continues to narrow.
Written from inside Africa with love 🇹🇿💚
Was this useful? Let me know on X or LinkedIn