$USDC Visa has partnered with Yellow Card Financial, an African provider of payments with stablecoins, to drive the adoption of digital dollars in Africa, showcasing the integration between traditional payment networks and cryptocurrencies. According to Bloomberg, both companies signed an agreement to facilitate cross-border payments with stablecoins in emerging markets where Yellow Card operates, starting in at least one African country in 2025, with expansions planned for 2026. The collaboration aims to optimize treasury, improve liquidity, and reduce transfer costs.

A report by Chainalysis highlights that, although the overall use of cryptocurrencies in sub-Saharan Africa grew moderately in 2024, stablecoins, such as USDT and USDC, account for 43% of transaction volume, driven by dollar shortages and currency crises. Yellow Card, a licensed pioneer in Africa, operates in 20 countries, processing over $6 billion since its establishment in Nigeria in 2019.

The adoption of stablecoins is increasing in countries like Nigeria and Ethiopia, while companies like Circle, partnered with Onafriq, are also betting on Africa. This trend reflects the interest of major payment firms in the potential of stablecoins in the region.