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Originally published by Tech Arenatech
June 5, 2025
5mo ago
Kredete Introduces Africa’s First Stablecoin-Backed Credit Card
Nigerian fintech, Kredete, has launched Africa’s first stablecoin-backed credit card. Built in partnership with Visa, Stellar, and Rain..
✨ Key Highlights
Kredete has launched Africa’s first stablecoin-backed credit card in partnership with Visa, Stellar, and Rain.
- Card allows users in 41+ African countries to spend U.S. dollar-backed stablecoins globally.
- Adeola Adedewe, Founder & CEO of Kredete, emphasizes financial freedom beyond borders.
- Integrated with USDC and settles transactions over the Stellar network, accepted at over 150+ million merchants worldwide.
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Financial Innovations in Africa
Fincra has obtained a payment provider license in South Africa through a partnership with Nedbank. Kredete has launched Africa's first stablecoin-backed credit card, aimed at facilitating transactions and providing new financial products. Airtel Money has expanded its 'Rudishiwa' campaign to include bank-to-wallet transfers, offering incentives to users.
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