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Stablecoin

Daya taps Stripe-backed Tempo to move stablecoins for African businesses

Sam Adeyemo

The signal

African crypto is splitting in two directions. One set of companies, including Yellow Card, is building only for business payments. Another, including Daya, Roqqu, VALR, Busha and Quidax, is integrating vertically, expanding retail offerings while building business products.

PulseStablecoin

Anchorage Digital, the first federally chartered crypto bank in the U.S., may be preparing to enter Africa. Since June, the company has been advertising for an Africa regional lead for stablecoin solutions, based in South Africa. The role is to sell stablecoin issuance and banking solutions to African banks and enterprises, covering FX settlement, treasury operations and correspondent banking.

This week, a professional who has led growth in Africa at Binance, Bybit, Bitget and Coinbase said on LinkedIn that he had joined Anchorage to scale stablecoin correspondent banking across the continent. The product gives foreign banks a U.S.-regulated account to send and receive dollars as stablecoins, settling in minutes rather than days and without the pre-funded accounts correspondent banking normally requires. He told Mariblock he did not apply for the advertised role and does not know whether it is the same position.

Anchorage has no offices in Africa and has made no announcements.

PulseStablecoin

Stablecoin wallet provider Blockradar has hit $1 billion in transaction volume, two years after launch. It now supports 100s of fintechs across 20 countries.

The milestone underscores the infrastructure quietly powering Africa’s stablecoin boom.

Last year at ETHSafari in Kilifi, Kenya, I spoke to two founders building a payments startup. One told me his team had two engineers, neither a blockchain specialist. Integrating Celo took about two months.

Then they switched to Blockradar.

“It’s like a normal API. They built it like a normal API. It doesn’t feel blockchain at all,” he told me.

Companies putting stablecoins into financial products eventually face the complexity of multiple blockchains. Blockradar abstracts that complexity into familiar API calls, turning months of integration work into hours or days.