A new article highlights how stablecoins offer Africa a direct and cost-effective pathway to the global financial system, overcoming the limitations of traditional, expensive cross-border banking. This technological leap promises to transform commerce and empower millions by significantly reducing transaction costs and settlement times.

• Sending US$200 from the USA to Kenya can cost up to 13% in fees via traditional banking, while stablecoins dramatically reduce this.
• Africa's cross-border payment costs average around 8%, nearly three times the global average.
• Remittances to Africa totaled US$54 billion in 2023.
• Eric Wainaina, General Manager, Africa, at Conduit, emphasizes the transformative potential of stablecoins for the continent.