Paga, Sui partner to offer USDsui yields and tokenized assets

Nigerian payments firm Paga announced a partnership with the Sui blockchain at Sui Live in Miami on May 7 to offer interest-bearing USDsui dollar accounts and to tokenize real-world assets including bonds and property. The integration will add crypto on-ramps and off-ramps in Paga’s markets and new rails for cross-border transfers.

Sui launched the USDsui stablecoin on May 4. USDsui is dollar-pegged and pays interest to holders. The stablecoin will be issued by Bridge, the U.S. crypto infrastructure firm acquired by Stripe for $1.1 billion in 2025.

Paga announced the partnership weeks after founder Tayo Oviosu became Group CEO in April. Company executives expect users will be able to earn interest by holding digital dollars, move between local currencies and crypto with lower friction, invest in tokenized assets and send money internationally at lower cost.

Paga processed about $1.5 billion in monthly payments in recent months and reported $11 billion in payments across 169 million transactions in 2025. Since its 2009 founding, the firm says it has handled $42 billion in total payment volume from 653 million transactions. Company officials view existing payroll, bill-payment and remittance rails as a customer base for stablecoin balances and tokenized investment products.

Planned technical and product features include offering USDsui yields on dollar balances, enabling tokenization of assets such as real estate, bonds and solar projects, and integrating crypto rails for settlement and treasury use. Paga’s roadmap aims to let customers hold interest-bearing dollar balances, convert between local currencies and crypto with minimal friction, access new investment types and move money across borders at lower cost.

“These are the walls of the cage, and until we tear them down, financial freedom on this continent is incomplete,” Oviosu told attendees. He noted that 57% of African adults do not have a bank account and described Africa as a large untapped financial market.

The companies did not provide product launch dates or detail the regulatory approvals required in each country. Paga plans to focus on regulated on- and off-ramps in its operating markets as it develops the offerings.

The announcement arrives as several Nigerian fintech firms explore blockchain for payments and treasury functions. In October 2025, Flutterwave partnered with Polygon on stablecoin payment infrastructure. Paystack reorganized into The Stack Group to expand research into emerging technologies. Both firms were admitted into the Central Bank of Nigeria’s anti-money-laundering supervisory program for virtual asset service providers on March 31.

Sui introduced its native token SUI in 2023. USDsui is the platform’s second digital currency and includes a built-in yield feature that pays interest to holders who keep balances in USDsui accounts.