At a recent event by the Virtual Asset Chamber of Commerce (VACC), discussions highlighted how OTC crypto trading and stablecoins are addressing economic challenges in Africa, particularly amid ongoing USD shortages.

• Businesses are utilizing stablecoins to bypass foreign currency access issues, with transaction costs dropping from 8-16% to 0.4% for remittances.
• Tony Olendo, Chairman of VACC, emphasized that traditional banking prioritizes government over private sectors.
• The decentralized nature of OTC trading allows for transactions circumventing formal exchanges, essential in regions with restricted trading.