- The companies have signed a strategic Memorandum of Understanding (MoU) to enable investment in trade finance through stablecoins, specifically USDT (Tether)
- MENA region has a trade credit gap of approximately $250 billion and over $1 trillion globally
- With this partnership, SMEs should now have access to capital from a broader investor base
Abu Dhabi-based Fuze, a regulated digital assets infrastructure provider, and Mamun, a Sharia-compliant alternative finance and investment platform headquartered in Oman, have signed a strategic Memorandum of Understanding (MoU) to enable investment in trade finance through stablecoins, specifically USDT (Tether).
This partnership allows both retail and institutional investors to participate in short-term, Sharia-compliant trade financing using USDT. Businesses will receive fiat financing in local currency for supplier payments and cross-border trade, opening up access to new forms of financing.
Bridging the $250B MENA Trade Credit Gap for SMEs
The collaboration should help address the trade credit gap since the MENA region has a gap of approximately $250 billion, and over $1 trillion globally. Small and medium-sized enterprises (SMEs) are hit the most with this issue, as they’re being particularly underserved and underbanked by traditional financial institutions.
With this partnership, SMEs should now have access to capital from a broader investor base.
The collaboration stands out as an early regional effort to integrate regulated digital asset systems with established private credit markets.
Fuze and Mamun
Founded in 2022, Fuze is a full-stack digital assets infrastructure platform enabling businesses in the MENA region to integrate embedded crypto experiences for their customers through API infrastructure in a regulatory and compliant manner.
On the other hand, Mamun was founded in 2019, and the platform connects businesses in need of fast, short-term trade financing with a growing community of investors seeking rewarding, Sharia-compliant opportunities to grow their wealth.
C-level executives from both companies commented on the partnership. Mo Ali Yusuf, CEO of Fuze, emphasized the growing trend of using stablecoins like USDT not just for trading or remittance but as tools for working capital and liquidity in real-world finance.
Mamun’s CCO, Mohammed Al-Tamami, talked about the innovation in aligning digital asset infrastructure with real-economy capital needs and how working together with Fuze will enable them to provide a better service for investors and businesses.
The MENA region will likely see the impact of this partnership in the near future, since by leveraging stablecoins for trade finance, the Fuze-Mamun cooperation offers a new pathway for cross-border financing that is both compliant with Sharia principles and accessible to a wider range of investors.
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