CEO of UAE ADI Foundation talks about AEDC stablecoin

CEO of UAE ADI Foundation talks about AEDC stablecoin

In a recent interview with Abu Dhabi based ADI Foundation, CEO Guillaume de La Tour told Tahawultech about the new AED backed stablecoin, AEDC, that the foundation is working on for ADQ, sovereign wealth fund in Abu Dhabi and FAB Bank (First Abu Dhabi Bank).

The trio intend to launch a UAE Central Bank regulated AED stablecoin that will be used for making payments not only in the UAE but also internationally. Moreover the stablecoin will also be used for Machine to machine payments in the IoT domain and AI one.

According to La Tour, the AEDC stablecoin will transform UAE’s digital economy by offering fast inclusive and compliant financial services. He notes that, “It is built on a modular EVM blockchain, AEDC ensures scalability, security, and decentralization while embedding KYC/AML and FATF-compliant features to ensure privacy and regulatory compliance.”

For La Tour, AEDC is combining DeFi with traditional finance and aligns with both Abu Dhabi’s Economic Vision 2030 and ADGM’s robust regulatory framework, cementing the UAE’s role as a global fintech leader.

He explained that this is preparing the UAE for a tokenized future by digitizing the AED dirham and ensuring it is compatible with currencies like the USD, Euro and Yuan for seamless global interoperability.

In ten years, all assets, stocks, and bank accounts will be tokenized

According to La Tour in the next 10 years all assets, whether they are stocks, bank accounts, or currencies, will be tokenized to enable a 24/7 financial system. This is driven by the need for efficiency and global connectivity.

He states, “Nations are expected to increasingly tokenize their currencies to maintain sovereignty, while ensuring interoperability with blockchain-based digital financial systems. The stablecoin positions the UAE at the forefront of this transformation, leveraging its blockchain’s compliance and scalability.”

With strategic partnerships across 20+ countries, reaching nearly 500 million people, ADI Foundation bridges Web2 and Web3, integrating traditional banking with blockchain to create a compliant, inclusive ecosystem that supports economic diversification and innovation. 

The ADI Foundation is working to drive global financial inclusion by deploying a blockchain with locally validated compliance at Layer 3, tailored to each region’s regulations.  

Partnering with cutting-edge providers, La Tour notes that the ADI Foundation ensures localized infrastructure and AI integration on the blockchain, empowering communities with secure, scalable solutions.  

 He adds, “Unlike traditional blockchain solutions, ADI’s modular EVM-based platform integrates a dedicated Layer 3 compliance sublayer, ensuring adherence to local and international regulations, including KYC/AML and FATF standards. Real-time monitoring and decentralized identity (W3C-compliant) further enhance security, mitigating risks like cybercrime and fraud. This robust, transparent framework reassures stakeholders by aligning cutting-edge technology with regulatory rigor, making the stablecoin a trusted tool for seamless, scalable financial operations.” 

He gives the example of their collaboration with East Africa’s M-PESA enables 70 million users to convert mobile money into a stablecoin backed by an African currency, facilitating secure, low-cost cross-border transfers and real-time currency conversion.  

Similarly, ADI Foundation’s work with UK-based Esyasoft, revolutionizes the carbon credit market by leveraging blockchain for transparent, efficient trading to support sustainability goals, with 57 trillion transactions aimed at reducing the carbon footprint of 2 billion people.  

Upcoming stablecoin challenges

 La Tour sees three main challenges to stablecoins when it comes to regulations. The first is navigating complex regulatory landscapes because of the diversity and evolving regulatory policies across jurisdictions.
 

He states, “Governments often grapple with balancing innovation against risks, like money laundering, tax evasion, and financial instability, leading to fragmented or restrictive regulations.  For instance, ensuring compliance with varying KYC/AML requirements globally, while maintaining blockchain’s decentralized ethos, is a technical and diplomatic hurdle. ADI Foundation addresses this by integrating a Layer 3 compliance sublayer into its modular EVM blockchain, enabling localized regulatory alignment without compromising scalability or security. 
The second challenge is ensuring interoperability and technological disparities which includes interoperability between stablecoins and existing financial systems.  

However, he addresses this issue stating that ADI Foundation is tackling this by designing native support for cross chain compatibility.

He explains, “For example, our collaboration with regional tech firms ensures blockchain nodes and AI-driven services operate efficiently even in low-resource environments, fostering inclusivity and operational reliability.”

The final challenge is building public and institutional confidence because of the skepticism around digital currencies. He notes that governments and investors may hesitate to adopt stablecoins, fearing economic disruptions or technical vulnerabilities.  

ADI Foundation counters this by anchoring the Dirham-backed stablecoin to the stable UAE Dirham and implementing robust cybersecurity measures, such as real-time transaction monitoring and W3C-compliant decentralized identity.  

Egyptian Founder of stablecoin banking startup, Limited raises $7 million as it sets to expand in MENA

Egyptian Founder of stablecoin banking startup, Limited raises $7 million as it sets to expand in MENA

Egyptian Founder, Hussein Ahmed has raised $7 million in a seed funding round, for his U.S. based fintech startup Limited to expand in areas such as the Middle East. Limited offers stablecoin-based global banking services with self-custody,

The round was led by North Island Ventures, with additional participation from existing backers Third Prime and Arche Capital, as well as new investors Collab+Currency and SevenX Ventures.

This brings the company’s total funding to US$10 million since its founding in 2024.

Founded by Hussein Ahmed, an Egyptian entrepreneur, Limited has developed a banking and payments platform that integrates the security of self-custody stablecoins with the functionality of traditional banking services. Available on iOS, Android, and web, the platform is accessible in 176 countries and enables users, both individuals and businesses, to access global payment systems while retaining full control of their funds via self-custody wallets.

The platform also includes tiered Visa and Mastercard offerings and cross-border payment tools that support over 300 local payment methods in more than 80 currencies.

“With stablecoin transaction volumes exceeding $30 trillion annually and global remittance fees averaging 6.3%, we’ve created a solution that finally resolves the traditional tradeoff between self-custody security and ease of use,” said Ahmed.

“This funding will accelerate our growth in high-opportunity markets across Latin America, Southeast Asia, and the Middle East, where demand for borderless financial services is strongest.”

The company aims to meet the growing demand for more secure, globally accessible financial tools, especially in emerging markets where traditional banking services may fall short. It currently utilizes Circle’s USDC stablecoin and EURC stablecoin.

Travis Scher, Co-Founder and Managing Partner at North Island Ventures, highlighted the potential of Limited’s approach: “We’ve long believed that stablecoins represent one of the most compelling use cases for blockchain technology—providing access to stable currencies and efficient payment rails globally. Limited has built an elegant solution that makes stablecoins practical and accessible for everyday banking and commerce, not just trading. By solving the critical challenge of balancing security with usability, they’ve created a truly differentiated product.”

Circle goes IPO in USA

The announcement comes on the back drop of Circle’s listing on the New York Stock exchange where its shares soared 168% after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering. “To realize our vision, we needed to forge relationships with governments, we needed to work with policymakers … because if you want this to work for mainstream, it’s got to work in mainstream society and you need to have those rules of the road,” CEO Jeremy Allaire told CNBC’s “Money Movers”. “We’ve been one of the most licensed, regulated, compliant, transparent companies in the entire history of this industry, and that’s served us well.”

Allaire also speaking with Bloomberg noted that stablecoin adoption is moving from pre adoption to mainstream and Circle will offer the internet financial infrastructure for every day payments. He said, ” The Internet is colliding with the financial system and we will partner with leading platforms to offer an ultra safe form of digital cash money that can be transacted at the fraction of cost within seconds.”

While the U.S. awaits the passing of the Genius Act for stablecoin regulation in the country, the UAE already passed its regulation last year, while Qatar has put stablecoins as one of the digital assets in its tokenization strategy.

Hong Kong legislators pass stablecoin Bill

Hong Kong legislators pass stablecoin Bill

Hong Kong government, represented by the Hong Kong Monetary Authority has passed the Stablecoins Bill. The bill passed by the Legislative Council today (21 May) will establish a licensing regime for fiat-referenced stablecoins (FRS) issuers in Hong Kong, to further enhance Hong Kong’s regulatory framework on virtual-asset (VA) activities, thereby fostering financial stability and encouraging financial innovation.

Upon implementation of the Stablecoins Ordinance, any person who, in the course of business, issues an FRS in Hong Kong, or issues an FRS that purports to maintain a stable value with reference to Hong Kong dollars in or outside Hong Kong will need to obtain a licence from the Monetary Authority (MA).

The relevant persons must satisfy the requirements in areas such as reserve asset management and redemption, including proper segregation of client assets, maintaining a robust stabilization mechanism, and processing stablecoin holders’ requests for redemption at par value with reasonable conditions.

The relevant persons must also comply with a range of requirements, including those on anti-money laundering and counter-terrorist financing, risk management, disclosure and auditing, and fitness and propriety. The MA will conduct further consultations on the detailed regulatory requirements of the regime in due course.

FRS issued by a licensed issuer may be offered to a retail investor.

The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “The Ordinance adheres to the ‘same activity, same risks, same regulation’ principle, with a focus on a risk-based approach to promote a robust regulatory environment. This is not only in line with international regulatory requirements, but also lays a solid foundation for Hong Kong’s virtual asset market, which, in turn, promotes the sustainable development of the industry, protects users’ rights and interests, and strengthens Hong Kong’s status as an international financial centre.”

The Chief Executive of the Hong Kong Monetary Authority, Mr Eddie Yue, added, “The Ordinance has established a risk-based, pragmatic, and flexible regulatory regime. We believe that a robust and fit-for-purpose regulatory environment would provide favourable conditions to support the healthy, responsible, and sustainable development of Hong Kong’s stablecoin and the broader digital asset ecosystem.”

The UAE Central Bank had passed its stablecoin Bill last year, while the USA is currently studying the Genius Act. the U.S.senate approved a procedural vote for the GENIUS Act for stablecoins, with 66 voting in favor, 32 against and two abstentions. Sixteen Democrats supported the vote, led by Senators Gillibrand, Alsobrooks, Gallego and Warner. The same vote failed on 8 May.

xWeave stablecoin platform raises $3 million as it expands to UAE

xWeave stablecoin platform raises $3 million as it expands to UAE

XWeave, a stablecoin infrastructure startup for cross-border payments will be expanding its operations to the UAE after raising $3 million in seed funding. The round was led by Jungle Ventures through its First Cheque@Jungle initiative, alongside crypto investment firm Lightshift. Follow-on investment came from Menyala, a venture studio founded by Temasek that also incubated the company. Additional investors include White Star Capital, Fabric Ventures, Digital Currency Group (DCG), The Venture Dept., and several angel investors.

As per the announcement, the funding will be used to expand XWeave’s network across non-G10 payment corridors in Asia and the Middle East, including the UAE, Indonesia, Japan, and Hong Kong. The company is also in talks with regional fintechs and global merchant platforms to integrate real-time cross-border settlement into their products.

Founded in 2024 by Milind Sanghavi, a payments veteran with prior roles at Meta, PayPal, Visa, Ezetap, and OCBC, XWeave aims to modernize global money movement by connecting fiat payment rails with blockchain-based stablecoin networks. Since launching operations in December 2024, XWeave has enabled real-time payments between Singapore and the Philippines.


“The US$30T cross-border payments market is overdue for transformation. As stablecoins evolve into mainstream financial infrastructure, XWeave is the connective tissue that enables businesses to move money across borders with the ease of a text and the compliance rigor of regulated flows. While there have been other attempts using specific digital assets, we’re about to see a significant rise in both stablecoins and CBDCs. XWeave’s non-custodial, asset-agnostic orchestration platform is the best way for businesses to access this growing liquidity— leveraging the benefits of blockchain without relying on regulatory arbitrage. Our job is to make it usable and adaptable for the full spectrum of money flows.” said Milind Sanghavi, Founder and CEO of XWeave.

This week, Eric Trump, the son of President Donald Trump, during his participation at Token 2049 demystified the stablecoin behind the deal that was made between UAE sovereign wealth fund MGX and Binance crypto exchange. The $2 billion investment by MGX into Binance was announced earlier this year, yet the stablecoin mentioned for carrying out the deal remained a mystery.

Eric Trump reveals the stablecoin behind UAE’s $2 billion Binance investment

Eric Trump reveals the stablecoin behind UAE’s $2 billion Binance investment

Eric Trump, the son of President Donald Trump, during his participation at Token 2049 demystified the stablecoin behind the deal that was made between UAE sovereign wealth fund MGX and Binance crypto exchange. The $2 billion investment by MGX into Binance was announced earlier this year, yet the stablecoin mentioned for carrying out the deal remained a mystery.

MGX, chaired by Sheikh Tahnoon Bin Zayed Al Nahyan, the UAE’s national security advisor and a brother of UAE President Sheikh Mohammed bin Zayed, backed not only by Abu Dhabi sovereign wealth fund Mubadala but also G42 invested 2 percent of its 100 billion investment vehicle into the world leading crypto exchange Binance.

At Token 2049 Dubai, Eric Trump demystified it stating the the World Liberty Financial USD stablecoin (USD1) is the one that will be used for the UAE MGX Binance deal, while noting that the USD1 would integrate with the Tron network.

Trump announced that the WLF USD stablecoin (USD1) was selected as the official stablecoin for MGX’s $2 billion investment in Binance. Zach Witkoff, the Co-founder of World Liberty Financial, teased more future partnerships for the DeFi protocol, adding that the platform aimed to establish USD1 as the preferred stablecoin in the DeFi and CeFi ecosystem, and the WLF team was working really hard on getting integrations into traditional retail point of sale systems.

“We thank MGX and Binance for their trust in us,” said Witkoff, who is the son of the White House envoy to the Middle East, Steve Witkoff. “It’s only the beginning.”

Trump disclosed that Abu Dhabi’s MGX will use the USD1 stablecoin to settle a $2 billion investment into Binance in one of crypto’s largest funding deals, marking the investment firm’s first venture into the crypto space.

Trump mentioned that sending funds internationally through SWIFT was slow, costly, and complex, emphasizing that crypto [almost] made banks redundant. An analysis report published by Statrys said the average transaction time on the SWIFT payment network was 20 hours and seven minutes. Additionally, 75% of SWIFT transactions involve one or two intermediary banks, meaning that these average 1 day and 11 hours to settle. However, a USDT or USDC stablecoin transaction on Ethereum settles within two to five minutes.

“USD1 will become one of the most transparent and regulated stablecoins in the world…not only do we want to create a product in our stable point USD, one that can be sent across borders in a very seamless way, but transparency and frankly, consumer safety is paramount…”

UAE DP World to issue stablecoin for cross border payments

UAE DP World to issue stablecoin for cross border payments

DP World, a global player in the logistics and trade ecosystem, is partnering with financial and technology providers to address inefficiencies in cross-border payments with a stablecoin issuance. The announcement was made at World Economic Forum in Davos.

As customers in emerging markets such as Asia and Africa grapple with prolonged settlement times, restricted access to finance, and a lack of transparency DP World will collaborate with firms in Singapore, India and UAE as well as other key markets.

As per the press release, DP World aims to introduce accessible, instant, and transparent cross-border payment solutions powered by stablecoins. The initiative is designed to simplify and accelerate international transactions, empowering businesses in emerging economies to thrive in an increasingly interconnected world.

DP World Group Chairman & CEO, Sultan Ahmed bin Sulayem, said, “By introducing stablecoin-based payment options, we are not just addressing a critical gap in the trade ecosystem but also reaffirming our commitment to innovation and leadership in global commerce. This initiative aligns with DP World’s broader mission to enhance trade flows and economic development in regions that need it most. We believe this initiative will redefine the way businesses engage in cross-border trade, particularly in regions where financial barriers have limited potential. DP World is committed to creating a more inclusive and efficient trade ecosystem.”

DP world believes that stablecoins will drastically reduced settlement cost and times for cross-border payments, giving the example of a textile manufacturer in Ethiopia which exports raw cotton to a fabric producer in India but faces significant delays in receiving payments.

This is due to the traditional correspondent banking systems requiring multiple intermediaries, resulting in settlement times that can extend to several days or even weeks. Stablecoins will also improve financial accessibility for businesses of all sizes such as the Ethiopian supplier struggling with cash flow, limiting its ability to scale operations or meet additional orders.

Finally stablecoins will enhance transparency and trust in international trade transactions and the lack of real-time tracking of the transaction status leaves both parties uncertain about when the payment will be completed.

The announcement comes months after the UAE Central Bank came out with its stablecoin regulation, allowing AED Stablecoins to be used for payments for products and services within the UAE, and for other stablecoins to be used for the purchase of virtual assets. Both would need to be regulated thought within the UAE.

As a result the first regulated AED stablecoin was announced under the name AECoin. DP World’s stablecoin could become the second one to be regulated, while Tether awaits its approval.

UAE regulated stablecoin, AEcoin sponsors Qatar UAE SuperCup

UAE regulated stablecoin, AEcoin sponsors Qatar UAE SuperCup

UAE’s first regulated stablecoin by the Central Bank of UAE, AEcoin has announced the sponsorship of the Qatar UAE SuperCup. The Qatar-UAE Super Cup football Cup, will have distinct competitions that are set to ignite the passion of football fans from January 16 to 19. The event will bring together 8 elite teams to compete in intense matches across the Challenge Shield, Super Cup, Super Shield, and Challenge Cup categories.

On Thursday, January 16, the opening match kicked off in Doha, pitting Al Rayyan, runner-up in the Ooredoo Stars League, against Shabab Al Ahli, the ADNOC Professional League runner-up.
On Friday, January 17, in Dubai, Qatar SC, the Amir Cup runner-up, will go head-to-head with Al Nasr, the UAE President’s Cup runner-up.
Reigning Ooredoo Stars League champions Al Sadd will take on Al Wasl, winners of the ADNOC Professional League on January 18 in Doha.
The grand finale is set to take place in Abu Dhabi on the 19th, with Al Wakrah, the Qatar Cup champions battling it out with Al Wahda, the Abu Dhabi Islamic Bank Cup champions.

AECoin joins the ranks of Visit Qatar and RedBull as one of the many sponsors. The AE Coin promises an instant, secure, stable, innovative, low-cost, and efficient payment experience that will reshape the future of the digital economy.

Mbank was the first bank to be offering the AE Coin licensed stablecoin available on its AEC Wallet. Through AEC Wallet, powered by Mbank, customers will be able to purchase AE Coin and make secure, stable virtual financial transactions. In line with the Central Bank of the UAE’s digital payment token services framework and the government’s future-oriented vision.

USDC stablecoin issuer has set up office in Abu Dhabi ADGM

USDC stablecoin issuer has set up office in Abu Dhabi ADGM

Circle Internet Group, Inc., a global digital financial technology firm, and the issuer of the USDC stablecoin has incorporates its entity in the ADGM, as part of its strategic expansion into the Middle East and Africa.

As per the announcement, Circle has also entered into a partnership with LuLu Financial Holdings (‘LuLuFin’), and its affiliates, one of the largest financial services conglomerates in the region, to facilitate remittances and cross-border payments with USDC, Circle’s fully-reserved digital dollar.

Circle’s mission centers on enhancing financial inclusion and accessibility by deploying a stablecoin infrastructure that addresses gaps in financial services while complementing existing payment systems, particularly in high-traffic remittance corridors such as those traversing the Middle East. The partnership with LuluFin exemplifies this vision, deploying USDC as a robust platform to enable near-instant payments that enhance operational efficiency and reduce transaction costs.

LuLuFin operates across the Gulf Cooperation Council (GCC), Indian sub-continent and APAC region, managing over $10 billion in annual transactions. Through this partnership, LuluFin will optimize remittances and cross-border payment flows using USDC, initially targeting corridors between the Middle East and Asia, as well as Europe. By leveraging USDC, LuLuFin will benefit from increased liquidity and reduced volatility, while harnessing the speed, immutability, and traceability of blockchain technology.

“This partnership with LuLuFin marks a significant step forward in the evolution of cross-border payments within one of the world’s most dynamic remittance corridors,” said Jeremy Allaire, Co-founder and CEO of Circle, from the sidelines of Abu Dhabi Finance Week. “By incorporating in the ADGM and collaborating with industry leaders like LuLuFin, we strengthen our commitment to advancing the digital asset economy in the region. Together, we are driving innovative solutions and enhancing access to efficient digital financial offerings.”

“Our partnership with Circle reflects our unwavering commitment to innovation. At LuLu Financial Holdings, we have harnessed the transformative power of blockchain technology, enabling better, faster, and more seamless cross-border payment experiences for our customers. This collaboration with Circle marks another significant step forward in that journey, reinforcing our resolve to redefine remittance experiences with cutting-edge solutions,” said Adeeb Ahamed, Managing Director of LuLu Financial Holdings.

“We are proud to welcome Circle, the preeminent global stablecoin issuer, to one of the largest financial districts in the world — ADGM,” added Arvind Ramamurthy, Chief of Market Development at ADGM. “Circle’s products represent a powerful platform for intelligent financial services, and, alongside ADGM’s robust ecosystem, are positioned to unlock a myriad of opportunities for technological innovation and next-generation financial applications in the region. Their contribution will further strengthen ADGM’s position as a global financial powerhouse.”

“The Middle East is a crucial frontier for Circle’s mission of raising global economic prosperity through the frictionless exchange of value,” said Miriam Kiwan, VP, MEA at Circle. “By collaborating with impactful partners like LuluFin, we aim to transform how cross-border payments are conducted, ultimately delivering substantial benefits to individuals and businesses throughout the region.”

This comes just after the announcement that AE Coin has been issued the first stablecoin license in the UAE by the Central Bank of the UAE.

Tether also intends to issue its AED stablecoin in the UAE at the onset of 2025.

Tether facilitates $45 million crude Middle East oil transaction

Tether facilitates $45 million crude Middle East oil transaction

Tether, issuer of stablecoin USDT, through its Investment division has financed a physical crude oil transaction, in the Middle East, between a publicly traded super-major oil company and a top-tier commodity trader worth $45 million. The transaction which was completed in in October 2024, facilitated the loading and transporting of 670,000 barrels of Middle Eastern crude oil. This was Tether Investments’ first crude oil transaction in the region.

Launched earlier this year, Tether’s Trade Finance business has quickly scaled to support the $10 trillion trade finance industry by providing accessible capital solutions that streamline and modernize global trade flows. This new venture, part of Tether Investments, is separated from Tether’s Stablecoin reserves and leverages the company’s high profitability as demonstrated in its recently published quarterly attestation for Q3/2024. Tether aims to help drive positive change within the trade finance industry by providing flexible capital solutions to a wide range of companies and driving efficiency in trade flows through its stablecoin, USD₮.

“Tether Investments’ financing of this significant crude oil transaction underscores our commitment to reshaping the trade finance landscape,” said Paolo Ardoino, CEO of Tether. “With USD₮, we’re bringing efficiency and speed to markets that have historically relied on slower, more costly payment structures. This transaction marks the beginning, as we look to support a broader range of commodities and industries, fostering greater inclusivity and innovation in global finance.”

Tether is driving the use of USD₮ in trade finance transactions, which lowers costs and reduces payment times – a distinct benefit over traditional lending – while leveraging top-tier compliance and AML standards, boosted by the transparency of blockchain networks.

Tether has been steadily growing its presence in the Middle East announcing that it will be launching the AED stablecoin in UAE. 2024 is proving to be a landmark year for stablecoins in the UAE. Through the first half of the year, the value of stablecoins received by services, particularly on centralised and decentralised exchanges (CEX and DEX) in the country totalled over $9.8billion, a 55 per cent spike over the $6.3billion received over H1 2023.

Consequently, stablecoins now account for the largest share of crypto activity in the UAE (51 per cent), which stands significantly higher than both Bitcoin (19 per cent) and Ether (9 per cent), which are typically considered to be the most recognized and popular cryptocurrencies.

African Stablecoin on and off ramp solution provider, Yellow Card raises $33 million

African Stablecoin on and off ramp solution provider, Yellow Card raises $33 million

Yellow Card (https://YellowCard.io), the first licensed Stablecoin on/off ramp on the African continent, has closed its Series C financing. The US $33 million equity financing was led by Blockchain Capital, with participation from Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.

“This fundraise not only demonstrates our resilience, but also highlights the vital role of digital assets for businesses across Africa,” said Chris Maurice, CEO and co-founder of Yellow Card. “We are excited about the opportunities, partnerships, and journey ahead; and I’m proud to work with an incredible cohort of investors that share our vision for the industry and the continent.”

Since its launch in Nigeria in 2019, Yellow Card has established itself as a pioneering force in the industry, with operations spanning 20 African countries and over US$3 billion in transactions facilitated across the continent.

This newly secured capital will be applied to fund growth and expansion, particularly through enhancing Yellow Card’s API and widget products — the gateways for international businesses including Coinbase and Block to tap into African markets and for Pan-African companies to easily make international payments and manage their treasury via stablecoins.

Additionally, Yellow Card is developing innovative new products for the continent, strengthening its team and systems, and continuing to lead engagement with regulators across the continent.

This financing reflects the level of confidence expressed in the business by both new and existing investors.

“The future of payments lies in fast, affordable rails for everyone, powered by open networks,” said Aleks Larsen, General Partner at Blockchain Capital, the lead investor in Yellow Card’s Series C financing. “We couldn’t be more excited to back Yellow Card as they bring Africa on-chain with stablecoins.”

Yellow Card remains steadfast in its commitment to empowering the continent by making it easy for businesses of all sizes to make international payments, manage their treasury, and access hard currency liquidity via stablecoins.