Africa is adopting stablecoins through IOTA to facilitate $70 billion in trade across the continent. This initiative aims to enhance financial transactions and trade efficiency in the region. By leveraging stablecoins, African countries seek to address various challenges in cross-border trade, including currency volatility and transaction costs. IOTA’s technology is expected to play a crucial role in streamlining these processes, making trade more accessible for businesses of all sizes. The move towards stablecoins reflects a growing trend in Africa to embrace digital currencies and innovative financial solutions.
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