The funds were raised to support the development of the startup's decentralized finance (DeFi) solut
Starting in February, Coinbase users in 20 African countries can buy USDC directly from the Coinbase Wallet App.
The US-based startup is expanding its operations into Senegal after conducting pilots in Nigeria.
The financial arrangement is set to last 36 months under the Extended Fund Facility and Extended Credit Facility of over $1.5 billion.
Overall, Sub-Saharan Africa received $117.1 billion in crypto value between July 2022 and June 2023, according to data from blockchain analytics firm Chainalysis.
Figures show 50% of countries with available data experienced an increase in consumer prices in March.
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.