Visa Partners with Yellow Card to Drive Stablecoin Adoption in Africa

Visa is accelerating stablecoin infrastructure in Africa through a strategic partnership with Yellow Card Financial. The collaboration targets 20 African markets, starting with a pilot in an undisclosed country later this year. This initiative leverages Visa Direct's network and Yellow Card's regional licenses to enable near-instant, low-cost stablecoin transactions—a critical solution for markets plagued by currency volatility and dollar shortages.

The MOVE builds on Visa's existing stablecoin infrastructure, which has processed over $225 million in USDC settlements since 2023. By combining corporate liquidity management with consumer-facing solutions, the partnership addresses two pain points: slow dollar transfers through traditional banks and limited access to cross-border payment rails.