Stablecoin: LATAM (Felix) & Africa (HoneyCoin)

Stablecoin, a cryptocurrency pegged to a stable asset like a fiat (or a government-backed currency), has been proliferating for years, and received a further boost by the recent GENIUS Act signed by the United States in 2025. Stablecoins have a number of use cases, especially for emerging markets, where local currencies and markets can be volatile. Instead of holding their money in their more volatile local currency, someone can hold it in USDC (or a stablecoin pegged to the US Dollar), preserving their value. In this episode we're highlighting two companies leveraging stablecoins to move money faster and more seamlessly across borders in their respective markets. Honeycoin, founded in 2020 in Kenya by David Nandwa, is a platform that enables customers to collect payments, move money in real-time using stablecoins and traditional rails, as well as issue bank accounts, debit cards, or wallets in over 45+ markets and across four continents. In August 2025, they announced their $4.9M seed round led by Flourish Ventures, with participation from players like Visa, Stellar Development Foundation and Musha Ventures. Felix, co-founded by Bernardo Garcia & Manuel Godoy in 2021, is a fintech platform that uses Whatsapp to enable people in the US to send money quickly and safely to users across Latin America, leveraging stablecoins to reduce foreign exchange costs (FX) and operational inefficiencies. They most recently announced their $75M Series B round in April 2025 led by QED Investors with participation from investors like Endeavor Catalyst.