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June 5, 2025
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Kredete Introduces Africa’s First Stablecoin-Backed Credit Card

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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Part of the Day's Coverage

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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