Crypto Use Case: Africa Turns to Stablecoins, IOTA to Unlock $70B in Cross-Border Trading

The African Continental Free Trade Area (AfCFTA) Secretariat and the IOTA Foundation have launched the Africa Digital Access and Public Infrastructure for Trade (ADAPT) initiative, in partnership with the Tony Blair Institute and the World Economic Forum (WEF). This project seeks to overhaul trade across 55 African nations by establishing open-source digital public infrastructure centered on stablecoin settlements, specifically using USDT, alongside tokenization of physical assets. The goal is to enable instant cross-border payments, verifiable digital documents, and interoperable digital identities, addressing issues like high transaction fees ($25 billion annually) and massive document fraud. Pilot programs in Kenya and Rwanda have already shown significant improvements, such as reduced clearance times and lower documentation costs. ADAPT plans to expand continent-wide by 2035, with the potential to double intra-African trade and generate $70 billion in unlocked trade value.

(Source：CoinDesk)