4 days ago
UAE's Fuze signs MoU with Oman's Mamun to facilitate trade finance via stablecoins
Abu Dhabi, UAE – UAE-based regulated digital assets infrastructure provider, Fuze, has signed a strategic memorandum of understanding (MoU) with Mamun, a Sharia-compliant alternative finance and investment platform headquartered in Oman and expanding across the UAE and wider GCC markets.
The agreement will enable both regional and international retail and institutional investors to participate in short-term, Sharia-compliant financing of trade-driven businesses using USDT (Tether's US dollar-pegged stablecoin). These businesses will then be able to access fiat financing in local currency to pay suppliers and support both domestic and cross-border trade. This aims to help enterprises tap into new sources of finance from a broader pool of investors, according to a press release.
The trade credit gap in the MENA region stands at an estimated $250bn, with the global figure exceeding $1tn. Small and medium-sized enterprises (SMEs) are particularly affected, often underserved or excluded by traditional financial institutions. Meanwhile, the MENA region alone is home to over 40mn crypto investors, with an estimated holding value of $300bn – yet they have limited access to low-entry, high-yield, Sharia-compliant trade finance opportunities.
The partnership marks one of the region's first efforts to bridge regulated digital asset infrastructure with traditional private credit markets. Under this collaboration, Fuze will provide the digital asset rails – including on/off ramp solutions, custody and conversion – while Mamun will originate Sharia-compliant trade finance opportunities. The agreement will allow for swift and compliant settlements in SME trade financing and address pain points associated with the movement of capital across borders.
In a press release, Mo Ali Yusuf, CEO of Fuze, said, 'The alignment between Fuze and Mamun highlights a growing trend – the use of stablecoins like USDT not just for trading or remittance, but as a tool for working capital and liquidity in real-world finance.'
Mohammed al-Tamami, Chief Commercial Officer at Mamun, added, 'Bringing stablecoins into Sharia-compliant private credit opens new avenues for cross-border trade finance. At Mamun, we're not just innovating – we're aligning digital asset infrastructure with the capital needs of the real economy. This collaboration with Fuze allows us to better serve both investors and businesses.'
Mamun is an alternative finance and investment platform based in Oman, focused on transforming short-term trade finance into an investable asset class. Serving investors from over 45 countries, Mamun has facilitated nearly $10mn in Sharia-compliant trade financing since its launch in Q3 2023, and is targeting $20mn in 2025 alone.
Mamun's investor base includes retail participants, high-net-worth individuals, and family offices. Its microservices architecture also powers systems at Oman Housing Bank and three major telecommunications providers, demonstrating its capability to scale embedded finance infrastructure across multiple sectors.
Fuze is the MENA region's first regulated digital assets infrastructure provider of its kind, offering financial institutions and enterprises cutting-edge tools to integrate digital asset services securely and efficiently. Through a solutions-based approach, Fuze enables financial services providers to strategise, implement, and launch secure, regulated, world-class products across wealth management and payments.
