Crossmint, Paga launch Africa stablecoin bridge

Crossmint and Paga announced on June 10, 2026 from Miami and Lagos a bi-directional stablecoin bridge that connects Crossmint’s multi-chain wallet infrastructure with Paga Engine’s local fiat on- and off-ramps. The integration is designed to let multinational firms settle in stablecoins while allowing users to move funds into and out of local currencies across African markets.

Under the agreement, Crossmint will route Paga Engine’s fiat rails into its global enterprise payout network, giving Crossmint customers access to local payment acceptance and settlement across African corridors without opening separate banking or payment processor accounts in each country. Paga will deploy Crossmint’s programmable smart contract wallets for consumers and its agent network, moving wallet rules on-chain to enforce features such as spending limits and multi-party approvals.

Paga reported processing more than $11 billion in payments and 169 million transactions in 2025, and said its platform has handled $42 billion across 653 million transactions since 2009. Paga Engine serves more than 300 businesses, including Meta, LemFi, Qatar Airways and Verto. Crossmint supports over 50 blockchains, including Sui, Solana, Ethereum, Polygon and Stellar.

Smart contract wallets built on Crossmint’s infrastructure operate natively on-chain. The companies say on-chain wallets allow programmable controls that execute without a centralized intermediary, and that the setup delivers bank-grade security while keeping underlying blockchain operations out of view for end users.

For multinational enterprises, the integration provides local payout rails via Paga alongside Crossmint’s stablecoin settlement options. For developers, Crossmint’s chain-agnostic APIs provide a single integration point to deploy compliant stablecoin-native products across multiple blockchains. For consumers and Paga agents, the firms say the combined infrastructure will enable faster, lower-cost transfers and on-chain custodial autonomy.

The partnership follows Paga’s May 2026 integration of the Sui Dollar (USDsui) and complements other regional efforts to expand stablecoin rails in Africa that took place in late 2025 and early 2026.

Tayo Oviosu, Founder and Group CEO of Paga Group, commented: “The future is multi-blockchain and multi-stablecoin.” Crossmint co-founder Rodri Fernandez Touza noted he once lived in Surulere, Lagos, and said the partnership matters to him because people he knew experienced slow and costly cross-border transfers.

The companies said the bi-directional bridge will operate through Crossmint’s enterprise payout integrations and Paga’s consumer wallet rollouts, and that enterprises will be able to choose the stablecoin and blockchain that match their compliance and settlement needs while relying on Paga’s local fiat capabilities.