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Tag: USDC

  • Tala enters crypto lending market with Ksh 6.5B facility in USDC

    Tala enters crypto lending market with Ksh 6.5B facility in USDC

    Financial technology firm, Tala plans to issue Ksh 6.5 billion ($50m) worth of credit through USDC, the dollar backed stablecoin.

    The firm says facility will power blockchain-enabled, permissionless lending for millions of global customers.

    According to Tala Chief Executive Officer Shivani Siroya, the tokenized lending platform which target the global underbanked is powered by Solana and supported with USDC liquidity facilitated by the Huma Protocol through a partnership between Huma Finance.

    She said the new platform is the first to bring trustless, AI-underwritten consumer lending to underserved borrowers at global scale.

    “After a decade operating across multiple emerging markets, we know how to translate frontier technologies into real-world financial power,” said Shivani Siroya, founder and CEO, Tala.

    Tala is now riding on it’s 13 million customer base including Kenya where blockchain to scale the lending platform going into 2026.

    “By pairing Tala’s trusted platform with the power of blockchain technology, together with Huma and Solana, we can expand financial access, eliminate systemic inefficiencies, and help millions become active participants in the global digital economy,” she added.

    The solution is powered by Tala’s proprietary credit engine, which has been trained on $7 billion in lending performance data across multiple continents.

    The tokenized loans are further backed to help Tala to unlock a new funding mechanism for emerging market credit, bringing global capital directly to high-demand markets.

    “Unlike past attempts in the industry, this partnership sets a new standard for overcollateralized, data-driven, fully-digital, tokenized lending that is liquid from day one. Together we are delivering on the promise of crypto – an open and efficient global financial system for all,” said Erbil Karaman, Co-Founder of Huma Finance.

    Huma Finance specializes in compliant, transparent, onchain payments finance infrastructure, connecting high performance digital assets to more than 100,000 liquidity providers globally.

    Huma Finance’s stablecoin-based payments finance protocol offers programmable lending and repayment rails, risk controls, and real-time portfolio visibility.

    The collaboration with Tala will tokenize loan assets and move key processes such as disbursement and repayment onchain for transparency, lower costs, and global liquidity access.

    “Solana’s vision for internet capital markets is to make finance accessible globally and at scale. Tala’s decision to bring its credit and payments products to Solana shows how onchain markets can expand access to financial services in emerging markets,” added Maya Caddle, Payments Lead at Solana Foundation.

    For liquidity providers, tokenized lending introduces a new class of real-world assets backed by real repayment behavior, verified onchain.

    Tokenization also allows lenders to sell tokens that represent future cash flows, fractionalize risk to reach more investors, and automate key processes through smart contracts, improving transparency, efficiency, and balance sheet management.

  • Rise of adoption Crypto across Africa to curb inflation

    Rise of adoption Crypto across Africa to curb inflation

    Africa’s currency battle with inflation has been consistent thus devaluing of most currencies .

    For instance Nigeria‘s inflation is above 30%,Kenya is grappling with repeated currency devaluations.

    Zimbabwe and Ghana—long haunted by monetary instability—continue to see families lose savings overnight.

    As inflation and currency volatility continue to erode purchasing power across multiple African economies, millions of individuals and small businesses are turning to stablecoins as a practical hedge against financial instability.

    Digital dollars such as USDT, USDC, and DAI are rapidly gaining traction across the continent, offering users protection from sudden currency depreciation, high banking fees, and restrictive foreign exchange controls.

    From Nigeria and Ghana to Kenya, Ethiopia, and Zimbabwe, the use of stablecoins has moved beyond speculation, becoming a crucial financial tool for everyday survival.

    Analysts say the adoption surge is driven by necessity rather than trend, as traditional banking systems struggle with persistent delays, high costs, and sudden FX restrictions.

    In Kenya a about 10.7% of the population, an estimate of 6.1 million people, now own cryptocurrencies, reflecting the country’s position as one of Africa’s leading digital-asset markets.

    Unlike conventional banking systems, stablecoins offer:24/7 access to funds, Low-cost, fast cross-border transfers Protection from sudden FX controls ,Dollar exposure without the need for foreign bank accountsnFor many Africans, stablecoins now function as a digital savings account, allowing them to preserve value and manage daily financial risks more effectively.

    Among the leading digital dollars, USDT dominates adoption on the continent due to its high liquidity and low transaction fees—especially on the Tron network.

    USDC, known for its transparency and strong backing, is increasingly popular among businesses, NGOs, and professionals.

    Meanwhile, interest in DAI and other yield-bearing stablecoins is growing among users seeking returns that outpace local savings rates.

    Financial experts note that stablecoins are not replacing local currencies but are instead acting as a risk management tool, an inflation hedge, and a fallback option “In a world where your currency can lose value overnight,” one analyst said.

    This comes at a time when Kenya, Nigeria, South Africa, and Tanzania were ranked among the world’s top 20 nations for crypto adoption, signaling the continent’s growing role in the global digital-finance ecosystem.

    With a projection from recent data by the Spurt Group that the number of cryptocurrency users in Africa will reach 55.47 million by 2028, with user penetration rising to nearly 4%.