Africa Embraces Stablecoins and IOTA for $70 Billion Trade Surge

Africa’s ambitious African Continental Free Trade Area (AfCFTA) initiative is taking a leap forward with the adoption of stablecoin-powered settlement tools on the IOTA network. This innovative approach, known as ADAPT, developed by organizations like the Tony Blair Institute and the World Economic Forum, aims to increase intra-African trade by 2035 and unlock an additional $23.6 billion in annual economic gains through digitalization. The project marks a significant departure from traditional paper-based processes that have long hampered African trade.