Visa partners with Yellow Card Financial to boost stablecoin adoption in Africa

From Cointelegraph

June 19, 2025 1:13:00 pm:

Visa partners with Yellow Card Financial to boost stablecoin adoption in Africa. The collaboration aims to facilitate cross-border payments using stablecoins, with initial rollouts planned for this year. Chainalysis reports a surge in stablecoin usage in Sub-Saharan Africa due to limited access to US dollars and fx crises.

Yellow Card, Africa’s first licensed stablecoin payments operator, has processed over $6 billion in transactions across 20 countries. CEO Chris Maurice highlights the increasing interest from major payment companies in stablecoins. USDt and USDC have gained popularity in Africa, accounting for 43% of the region’s transaction volume.

Circle targets Africa as a key market for digital dollars, partnering with Onafriq to pilot USDC settlements across 40 countries. The rise of stablecoin adoption in Africa reflects a growing trend towards digital payment solutions. Xend Finance and Risevest have also launched a tokenized stocks platform in the region.

Read more at Cointelegraph: Visa Partners With Yellow Card to Roll Out Stablecoin Payments in Africa