The leading African crypto exchange, VALR, has forged a significant partnership with Mukuru, a leading financial services platform, to launch a USDC wallet. Through this collaboration, VALR will provide critical crypto infrastructure enabling Mukuru’s customer base to access USDC, offering an alternative for saving and hedging against local currency volatility.

In a media release, VALR said the new USDC wallet will integrate directly into Mukuru’s popular Whatsapp platform. This allows Mukuru’s millions of users—particularly in markets struggling with inflation—to buy, hold, and sell USDC seamlessly, dramatically reducing their exposure to local currency fluctuations with no complex trading required.

“VALR is proud to support Mukuru with the crypto infrastructure needed to launch this offering,” stated Farzam Ehsani, co-founder and CEO of VALR. “This partnership is a profound step toward realising our shared vision of an inclusive financial ecosystem that unites humanity, advancing financial services in society.”

Andy Jury, Group CEO of Mukuru, emphasized the strategic importance: “This partnership with VALR is a clear step forward in our strategy to enable Africa’s emerging consumers to send, store, and spend value seamlessly. It reflects Mukuru’s evolution into a platform that not only facilitates everyday financial transactions but also opens doors to savings and investment opportunities.”

The introduction of the USDC wallet directly addresses the high demand for stable digital assets in sub-Saharan Africa, where stablecoins already account for 43% of crypto transaction volume, with South Africa and Nigeria leading the charge. According to VALR, the USDC stablecoin serves as a vital store of value in regions with limited access to hard currencies.

This initiative is further underpinned by a supportive regulatory environment that has seen South Africa license over 200 crypto asset service providers (CASPs) since April 2024. VALR has been actively establishing its regulated presence, having secured both a crypto financial services provider license and an over-the-counter (OTC) derivatives provider license in 2024 and 2025, respectively. The exchange processed $9 billion in trading volume over the past 12 months, showcasing its readiness to handle large-scale institutional services.

The partnership also aligns with the increasing global regulatory attention, highlighted by the enactment of the GENIUS Act—America’s first major federal stablecoin legislation—in July 2025.

• What is the VALR–Mukuru partnership about? VALR and Mukuru launched a USDC wallet integrated into Whatsapp for millions of African users.
• Why is this important for African markets? It helps consumers hedge against local currency volatility and inflation with stable digital assets.
• Which regions lead in stablecoin adoption? South Africa and Nigeria drive demand, with stablecoins making up 43% of crypto transactions in sub‑Saharan Africa.
• How is regulation supporting this rollout? South Africa has licensed 200+ crypto providers since 2024, while the U.S. passed the GENIUS Act in 2025.

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