USDC Issuer Circle Commits $20M to Fuel Africa’s Blockchain Revolution

USDC News - Circle, the issuer of USDC, has committed $20 million to CV VC, a blockchain fund focused on accelerating startup growth across Africa. This investment demonstrates growing institutional confidence in the continent's digital asset ecosystem, despite competitive pressures in the stablecoin market affecting Circle's stock performance. South Africa has enacted new cryptocurrency tax legislation that aligns with CARF international disclosure standards. This regulatory clarity positions the nation as a frontrunner in Africa's crypto adoption landscape, creating a favorable environment for blockchain innovation and institutional participation. Nigerian fintech platform Kredete has secured $22 million in funding to expand its crypto-enabled financial services. This substantial investment highlights the increasing demand for digital asset solutions that drive financial inclusion, including access to emerging token offerings and decentralized finance opportunities.