Africa’s trade is set to receive a significant boost, with the launch of a new stablecoin initiative powered by IOTA technology. The project aims to streamline cross-border transactions and expand economic opportunities across the continent. 55 African nations will be enabled to use USDT-based stablecoin settlements for easier and more efficient international commerce. This ambitious program, spearheaded by the IOTA Foundation, Tony Blair Institute, and the World Economic Forum (WEF), is expected to contribute $70 billion to Africa’s economy by 2035. The consortium plans to leverage IOTA technology to digitize trade processes, promising smoother cross-border transactions and improved financial tools for African businesses.