VALR has declared a new partnership with Mukuru to expand USD stablecoin infrastructure in South Africa, which will strengthen financial access on the continent.

These significant developments will be achieved through the regulated crypto solutions.

VALR, being the largest crypto exchange in Africa due to its trade volume, announced a new partnership with Mukuru on November 17, 2025, in Johannesburg, South Africa.

Mukuru is the leading financial services platform serving over 17 million customers across Africa, Asia and Europe and is planning to introduce a USD coin (USDC) wallet.

“This collaboration provides infrastructure for users to access USDC, a USD-backed stablecoin, supporting broader adoption of alternative savings options in regions facing currency volatility,” VALR stated.

What Led to the VALR-Mukuru Partnership

This collaboration took place against a backdrop of increasing interest and regulatory clarity in stablecoins globally, with the Genius Act – America’s first major federal legislation on stablecoins – coming into law in July 2025.

South Africa’s crypto asset regulatory body provided clarity in the country with over 200 crypto asset service providers licensed since April 2024.

The issuance of a license boosted its role as a hub for crypto innovation.

In addition to becoming a licensed Crypto Financial Services Provider in 2024, VALR was granted an Over-The-Counter Derivatives Provider license from the Financial Sector Conduct Authority in October 2025, becoming one of the first recipients of these licenses for crypto assets in the country.

The company processed $9 billion in trading volume over the past 1 year.

The Position of USDC in the Stablecoin Market

USDC is the second-largest stablecoin in the world, with a market cap of over $75 billion, which serves as an increasingly important store of value in markets with limited hard currency access.

In addition, the sub-Saharan countries have stablecoins which represent 43% of crypto transaction volume according to Chainalysis data, with South Africa and Nigeria at the forefront.

The VALR-powered USDC wallet, accessible via Mukuru’s WhatsApp platform, allows Mukuru’s millions of users to purchase, hold, and sell USDC, reducing exposure to local currency fluctuations.

Also Read:CBK Activates Law to Regulate Crypto, Money Laundering, and Virtual Asset Service Providers

What CEO of VALR and Mukuru Said

Farzam Ehsani, Co-Founder and Chief Executive Officer (CEO) of VALR said this move aims at sharing one vision.

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

“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,” Andy Jury, CEO of Mukuru added.

History and Foundation of VALR

It was founded in 2018.

VALR’s main headquarters is in Johannesburg.

The firm is backed by other investors, including Pantera Capital, Coinbase Ventures, and Fidelity’s F-Prime.

VALR is a worldwide crypto exchange offering a comprehensive suite of products—including Spot Trading, Spot Margin, Perpetual Futures, Staking, Lending, Borrowing, OTC services, VALR Invest, and VALR Pay.

Additionally, it is licensed by South Africa’s FSCA, with regulatory approval in Europe, VALR serves over 1.6 million users and 1,900 corporate and institutional clients worldwide.

For more information, visit valr.com.

Also Read: Raila’s X Account Hacked, Fake Launch of New Digital Coin Posted

Details About Mukuru

Mukuru tops the next-generation financial platforms.

They serve at least 17 million customers across Africa, Asia, and Europe.

Over 100 million transactions processed across 570 corridors.

Mukuru depends on technology to provide affordable, accessible financial services through both physical and digital channels.

Recognized six times in the FXC Intelligence Top 100 Cross-Border Payment Companies, Mukuru is also an award-winning employer and innovation leader. www.mukuru.com

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