Why Africa’s emerging markets need their own stablecoins

Why Africa’s emerging markets need their own stablecoins

Wale Ayeni’s viewIn 2025, it’s still common for a business owner in Lagos to wait days for a payment from Accra in Ghana — just a short flight away. That delay, and up to 10% in fees, is the price of routing payments through a complex web of correspondent banks in New York and London.Global trade still runs on trust — but that trust is increasingly gated. While domestic real-time payment systems like Brazil’s Pix, India’s UPI, Nigeria’s NIBSS, a…

Digitizing the Dollar: The Rise of Stablecoins in African B2B Payments - Tech

In the last decade, Africa has seen a fintech boom that reshaped how individuals send and receive money. But for African businesses, especially those trading or paying vendors abroad, the real innovation is only just beginning. It’s not a flashy payments app or a novel crypto token. It’s the quiet rise of stablecoins, digitizing the U.S. dollar in ways that solve old problems traditional finance has long ignored. However, the impact of stablecoi…

OKX Joins Global Dollar Network to Support Paxos’ USDG Stablecoin

Crypto exchange OKX has joined the Global Dollar Network, a consortium promoting Paxos’ relatively smaller USDG stablecoin, in a move the exchange says could help accelerate adoption of a regulated US dollar-backed stablecoin.  By joining the network, OKX’s 60 million global users will gain access to Global Dollar (USDG) for trading and transfers, the company announced Monday.  OKX already supports several major stablecoins, including market lea…

How Regulated Stablecoins Like cNGN Are Reshaping Africa’s Digital Economy

In Brief Regulated stablecoin cNGN achieved approval by co‑creating its framework with Nigeria’s SEC over a year of collaborative sessions. Built on Bantu Chain and interoperable across major blockchains, cNGN empowers developers to build DeFi, escrow, and lending applications. Addressing utility, liquidity, and accessibility challenges—cNGN sets the blueprint for future regulated stablecoins across Africa via ASC mentorship. With digital ass…