Hamilton Labs has secured a new investment from AXIAN Investment to grow its dollar based stablecoin services across Africa. The funding, though not disclosed, will support the rollout of its flagship digital currency, USDh, and help the company partner with fintech platforms to offer better savings and payment options to users who need access to stable dollar value.
The USDh stablecoin is designed to stay equal to the US dollar and is backed by government bonds. What makes it different is that it also allows users to earn returns from those bonds while holding the digital asset. According to the company’s CEO, Mo Kasstawi, many Africans still struggle to access reliable dollar savings, and this product is meant to help people protect and grow their money more easily, especially in countries with unstable local currencies.
The company plans to distribute USDh through fintech apps, exchanges, and other digital platforms. By using a single technology layer, partners can offer services like dollar wallets, cross border payments, and savings features without having to build the system from scratch. This approach is expected to make it easier for businesses to bring dollar based financial services to more users across the continent.
AXIAN Investment says the move reflects its strong belief in the future of stablecoins in Africa, especially as mobile money and digital finance continue to grow. While Africa is the starting point, Hamilton Labs is also looking to expand into other regions facing similar challenges, including parts of the Middle East, Latin America, and Southeast Asia. The company’s long term goal is to build a global network that gives more people access to stable and reliable digital dollars.