Africa Adopts IOTA Stablecoins to Enhance $70B Trade Growth

Stablecoin Initiative Launch: Africa is launching a stablecoin initiative in collaboration with IOTA, the Tony Blair Institute, and the World Economic Forum to enhance trade across 55 nations, potentially adding $70 billion to the continent's economy by 2035.

Digital Trade Transformation: The initiative aims to digitize trade processes and introduce USDT-based settlements, improving efficiency and reducing complexity in cross-border transactions for African governments and businesses.

Economic Growth Potential: By leveraging blockchain technology, the program promises cost efficiencies, rapid payment systems, and enhanced transactional transparency, which could transform the African economic landscape.

Financial Inclusion and Agility: The initiative is expected to promote broader financial inclusion and provide accessible digital financial services, encouraging economic agility and sustainability across Africa with the right regulatory and infrastructure support.