• Latest
  • Trending
Yellow Card: Stablecoins offer financial lifeline amid currency devaluation in Africa

Yellow Card: Stablecoins offer financial lifeline amid currency devaluation in Africa

May 7, 2025
South African investment giant raises caution on Bitcoin ETF risks

South African investment giant raises caution on Bitcoin ETF risks

September 26, 2025
OpenAI’s ChatGPT Pulse now available for Pro users

OpenAI’s ChatGPT Pulse now available for Pro users

September 26, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Airtel Africa invests in education with 100 scholarships and new tech hubs

Airtel Africa invests in education with 100 scholarships and new tech hubs

September 25, 2025
SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

September 25, 2025
Tango Brook launches digital card for fuel management

Tango Brook launches digital card for fuel management

September 25, 2025
AI in Nigeria announces 3rd edition of InnovationAI

AI in Nigeria announces 3rd edition of InnovationAI

September 25, 2025
Interswitch Unveils Quickteller Travel to Transform African Travel Experience

Interswitch Unveils Quickteller Travel to Transform African Travel Experience

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Cryptocurrency

Yellow Card: Stablecoins offer financial lifeline amid currency devaluation in Africa

Abimbola Samuel by Abimbola Samuel
May 7, 2025
146 4
0
Yellow Card: Stablecoins offer financial lifeline amid currency devaluation in Africa

Yellow Card: Stablecoins offer financial lifeline amid currency devaluation in Africa

465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

U.S. dollar-backed stablecoins are increasingly becoming a crucial financial tool for people in African nations facing severe currency devaluation.

According to Craig Stoehr, general counsel for Yellow Card, these digital assets, such as Tether and USDC, provide a much-needed safe haven.

Empowering communities in Africa

Stoehr noted the importance of stablecoins in a recent interview, stating, “stablecoins are a lifeline for Africans facing devaluation; fighting hyperinflation, enabling fast cross‑border payments & empowering communities.” This statement emphasises the multi-faceted role these digital currencies play in mitigating the economic hardships many on the continent face.

As a result, the instability of local currencies in some African countries has led to significant economic challenges. Stablecoins, by being pegged to a stable asset like the US dollar, offer a way to preserve value.

RelatedPosts

Airtel Africa invests in education with 100 scholarships and new tech hubs

AfriChange embraces stablecoins to power cross-border remittances

Cassava, Accenture reach agreement to expand autonomous AI capabilities across Africa

Stoehr further elaborated on this point, noting that stablecoins are instrumental in “empowering communities.” This empowerment comes from providing individuals with a more stable store of value and facilitating their participation in the global digital economy.

In addition to preserving value, stablecoins also streamline financial transactions across borders. Traditional cross-border payments can be slow, costly, and inefficient.

Stablecoins offer a faster and more cost-effective alternative. As Stoehr pointed out, they enable “fast cross‑border payments,” which is particularly beneficial for businesses and individuals who need to send or receive money internationally. This efficiency can foster economic growth and improve financial inclusion across the African continent.

About Yellow Card

Yellow Card is a leading fintech company transforming Africa’s digital economy through stablecoin-powered financial services.

The company operates across multiple countries and offers a secure platform for buying, selling, and storing digital assets like USDT, USDC, and PYUSD.

With deep integration into regional banks, mobile money systems, and cash agents, Yellow Card promotes financial inclusion where traditional banking is scarce. Its business tools—like APIs and widgets—simplify stablecoin adoption for merchants.

Backed by strategic partners like Circle and strong investor support, the company continues to expand while maintaining regulatory compliance, including its CASP license in South Africa. Yellow Card is bridging Africa to global finance.

Tags: AfricaStablecoinsTetherU.S dollarUSDCYellow card
Abimbola Samuel

Abimbola Samuel

Experienced crypto writer with 2+ years of expertise. Skilled researcher and analyst delivering high-quality articles. Providing insightful perspectives on the latest crypto trends.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.