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I just happened to see this video:

Get and transfer Bitcoin via USSD without internet - by Atsu Davoh (A test demo. Not the real app). https://www.youtube.com/watch?v=W1Y_0X7vWV4

It's using Testnet bitcoin, and the USSD gateway is a "Shared USSD" which is why it has the second code (the "*88" part of the "44788#" code that was dialed). A larger service in production would want a Dedicated USSD gateway, so users enter just the three digit code "*447#".

https://africastalking.com/ussd

Also there are costs for each USSD message (ranging from ~$0.01 to ~$0.03, and the party paying may be the service provider or the end-user, depending on if the end-user is on a pre-paid or post-paid mobile network subscription).

I learned of that from this thread:

Might mess around and build that thing that creates a stablecoin address for every mobile money number.
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A Tweet in that thread shared this, which I also had not known of before:

Oblivious Decentralized Identifier Service (ODIS) https://docs.celo.org/celo-codebase/protocol/odis

Celo is a L1 blockchain project, with CELO token, and then the following stablecoins: cUSD, cEUR, and cREAL (BRL)

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