Collaboration between AfCFTA and IOTA Foundation to leverage stablecoins for cargo transport

The AfCFTA Secretariat and IOTA Foundation are launching an initiative that integrates stablecoins to modernize trade in Africa. This effort is part of the Africa Digital Trade Access and Public Infrastructure Initiative (ADAPT) aimed at enhancing digital trade.

Expected to start in Kenya and Ghana, expanding by 2026, this initiative could approximately unlock 70 billion USD in trade value and bring about 23.6 billion USD in economic advantages across Africa.