visa

According to Cointelegraph, credit card giant Visa is partnering with African stablecoin payment provider Yellow Card Financial to accelerate the adoption of the digital dollar in Africa. The two companies have signed an agreement to promote stablecoins for cross-border payments in emerging markets. Yellow Card will launch stablecoin transactions with Visa in at least one African country within this year, with further expansion planned for 2026. Yellow Card co-founder and CEO Chris Maurice stated that the collaboration will focus on enhancing financial operations, improving liquidity management, and achieving more cost-effective fund transfers. According to a report by Chainalysis, the adoption of stablecoins in Sub-Saharan Africa is accelerating, mainly due to limited access to dollars and foreign exchange crises. Yellow Card is Africa's first licensed stablecoin payment operator and has been operating in 20 countries since its launch in Nigeria in 2019, processing over $6 billion in transactions. The adoption rate of stablecoins in Africa is rising, with dollar-pegged stablecoins like USDT and USDC seeing significant growth in major countries such as Nigeria and Ethiopia. Chainalysis reports that stablecoins account for about 43% of the total transaction volume in the region. USDC issuer Circle views Africa as a key market for the digital dollar and is partnering with African payment provider Onafriq to pilot USDC settlements in 40 countries.