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A Nigerian fintech firm has expanded its cross-border payment operations into the Gulf Cooperation Council (GCC) region.
Transa, the company behind the expansion, began its operations in Nigeria and is now extending its payment activities to the GCC.
The firm has also introduced support for USDT and USDC, two stablecoins whose values are designed to track the US dollar.
According to information provided by the company, users can deposit, swap and withdraw the digital assets through its platform.
The development comes amid growing interest in stablecoins and other digital-asset technologies for cross-border transactions.
Stablecoins are digital assets designed to maintain a relatively stable value by being linked to an underlying asset, commonly a fiat currency.
Their use in international payments has increased as financial technology companies explore blockchain-based systems for moving funds across borders.
The company said its operations currently cover markets in Africa, the GCC, Europe, the United Kingdom and the United States.
