Case Study: Onafriq achieves faster cross-border stablecoin settlement with Circle

Onafriq cuts stablecoin rollout from 6 months to 4–6 weeks with Circle

Onafriq, a pan-African digital payments network, faced challenges with slow and expensive cross-border settlement due to its reliance on traditional correspondent banking and foreign exchange processes. To meet customer demand for faster, always-on settlement, Onafriq partnered with Circle to integrate regulated stablecoin infrastructure using USDC and the Circle Payments Network alongside its existing fiat rails.

By implementing Circle's full-stack platform, including its APIs and minting capabilities, Onafriq rapidly added stablecoin settlement to its network. The solution significantly reduced rollout time from an estimated six months down to four to six weeks. Circle provided Onafriq with a trusted foundation for modernized settlement, resulting in faster movement of value across borders, more efficient liquidity management, and greater operational flexibility for its network partners.

Onafriq