Visa has partnered with Yellow Card Financial to enhance the adoption of digital dollars across Africa, responding to limited access to US dollars in several countries. This collaboration aims to promote stablecoin use for cross-border payments in emerging markets where Yellow Card operates. Yellow Card plans to initiate stablecoin transactions with Visa in at least one African nation this year, with further expansions expected in 2026. Chris Maurice, CEO of Yellow Card, emphasized the focus on improving treasury operations and cost-effective money transfers. The region experienced a notable rise in cryptocurrency usage, particularly in stablecoins, which account for about 43% of total transaction volume. Notable economies like Nigeria and Ethiopia have seen significant growth in retail crypto adoption, highlighting a vital demand for dollar-pegged stablecoins in Africa.

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