South Africa, 16 September 2025 - Circle Ventures, the corporate venture capital arm of Circle Internet Group, Inc. (Circle), has joined as an investor in the CV VC African Blockchain Fund - a fund dedicated to empowering young entrepreneurs shaping the future of Web3 on the African continent.

Through its regulated entities, Circle is the issuer of USDC, a regulated, fully-reserved stablecoin backed 100% by highly liquid cash and cash-equivalent assets, and is redeemable 1:1 for US dollars. Over the past 12 months alone, stablecoins recorded nearly $40tn in transactional volume (Visa Onchain Analytics Dashboard). In regions such as Africa where underbanking is prevalent, USDC enables efficient payments and remittances, cutting both costs and settlement times dramatically.

As stablecoins and Web3 technology continue to flourish across Africa, CV VC remains committed to supporting pioneering founders driving change. We look forward to advancing the future of Web3 together with the Circle Ventures team.

Learn more about the CV VC African Blockchain Fund on our website or reach out to our CV VC African team: Jarryd Kennedy & Brenton Naicker