The IOTA Foundation and the African Continental Free Trade Area (AfCFTA) Secretariat have unveiled ADAPT, a digital trade initiative leveraging stablecoins like USDT to streamline cross-border trade in Africa. This project, supported by the Tony Blair Institute and the World Economic Forum, aims to modernize trade by providing open-source digital infrastructure for 55 African countries, facilitating instant payments and verifiable trade documents.
ADAPT will initially be implemented in Kenya, Ghana, and a third country, with plans to expand across all AfCFTA nations by 2035. The initiative seeks to double intra-African trade and unlock $70 billion in trade value by reducing paperwork and border clearance times, as demonstrated in pilot programs in Kenya and Rwanda.
IOTA and AfCFTA Launch Stablecoin Initiative to Enhance African Trade
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