Aptos Labs and Yellow Card have announced the launch of instant, fee-free stablecoin transfers for customers in 20 African countries. This initiative aims to improve access to digital currencies and speed up payments.
Launch of Stablecoin Transfer
Aptos Labs and Yellow Card have implemented integration that allows Yellow Card customers to make instant stablecoin transfers, such as USDT and USDC, without high fees. Transfers are settled instantly with sponsored gas fees, enabling seamless payments for both cross-border transfers and daily purchases.
Growing Popularity of Stablecoins in Africa
According to Yellow Card research, stablecoin usage in Sub-Saharan Africa is increasing, reaching over 54 million customers. This indicates the demand for faster, cheaper, and more stable alternatives to traditional financial systems.
Future of Payments
The integration of Aptos with Yellow Card is designed for mobile-first markets, providing the speed and scalability required for stablecoins, allowing their usage in everyday payments. Aptos achieves throughput levels above 11,000 transactions per second, making it one of the few blockchains capable of supporting instant, cost-effective transactions at scale.
The launch of instant stablecoin transfers by Aptos and Yellow Card represents a significant step toward financial inclusion and stability in Africa, expanding access to modern financial tools for millions of users.
