Aptos and Yellow Card have launched a gas-free USDT and USDC transfer service in over 20 African countries, allowing for fast and fee-free stablecoin payments.
The partnership aims to enhance financial inclusion by simplifying cross-border transactions through instant settlement and covering gas fees for users.
Stablecoins like USDT and USDC are gaining popularity in Africa, with over 50 million digital asset users in Sub-Saharan Africa alone, making them a valuable medium of exchange amidst currency fluctuations.
Aptos' strategic moves extend beyond Africa, including participation in the CFTC Digital Asset Markets Subcommittee in Washington and investments in diverse sectors like public health, showcasing a broader focus beyond finance.