# Fintechs Leverage Stablecoin Technology for Cross-Border Payments

**Published:** 2026-05-31T16:59:40.586Z  
**Topic:** Vechain  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/a8ff2103-41c2-43ff-b9bd-7f03f9c8c473

African fintech startup Juicyway launches publicly after processing $1.3 billion in volume, joining a growing wave of stablecoin-based payment platforms.

Juicyway, an African fintech startup, has officially launched its platform after operating in stealth for three years, during which it processed over $1.3 billion in total payment volume [1]. The company utilizes stablecoin technology to facilitate cross-border transactions for thousands of businesses, aiming to improve liquidity and reduce costs in the global currency market [1].

**Key takeaways**
* Juicyway has processed more than 25,000 transactions for 4,000 users since its inception [1].
* The platform supports fiat and cryptocurrency transactions, leveraging stablecoins like USDC and USDT to move funds across borders [1].
* The startup recently announced a $3 million pre-seed funding round led by P1 Ventures [1].
* Other companies, such as Yellow Card and Conduit, are also applying stablecoin technology to address payment challenges in emerging markets [1].

## Expanding Financial Access Through Stablecoins
The platform was created to address the difficulties businesses face when moving money across borders, particularly within Africa, which contributes less than 1% to the $5 trillion global currency market [1]. By using stablecoins, Juicyway allows users to convert funds into local currencies, such as the Nigerian naira, more efficiently than traditional methods [1]. The company provides liquidity pools and real-time pricing, which its founders argue is essential for operating in volatile economies [1].

To maintain regulatory compliance, Juicyway has secured money transmitter licenses in the U.S., U.K., Canada, and Nigeria [1]. The company also employs advanced KYC, KYB, and KYT processes through partnerships with firms like Sumsub and maintains relationships with various banking partners, including Lead Bank and Access Bank, to manage risk [1]. While the fintech currently generates revenue through processing and payment fees, it plans to explore interest-earning opportunities on customer balances in the future [1].

## Why it matters
The rise of stablecoin-based platforms represents a shift in how cross-border payments are handled in emerging markets, challenging conventional banking methods by offering faster and often cheaper alternatives [1]. As these startups scale, they face the ongoing challenge of navigating global regulatory ambiguity regarding cryptocurrency [1]. For Juicyway, the focus remains on increasing African participation in the global economy by prioritizing product development and compliance, while diversifying its banking and payment processing partners to mitigate operational risks [1].

## Sources
1. TechCrunch — [This stealthy African stablecoin startup already processed over $1B in...](https://techcrunch.com/2024/12/16/this-stealthy-african-stablecoin-startup-already-processed-over-1b-in-cross-border-payments/)
2. Dzengi — [Trade Aluminum | Aluminum price | Dzengi.com](https://dzengi.com/tokenized-aluminum-price)

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Cite as: TrendWatcher, "Fintechs Leverage Stablecoin Technology for Cross-Border Payments", https://www.trendwatcher.in/article/a8ff2103-41c2-43ff-b9bd-7f03f9c8c473