Yellow Card, Africa’s leading stablecoin payments infrastructure provider, has published a new impact report detailing the role of stablecoins in reshaping the financial landscape unlocking new economic opportunities in Latin America, Southeast Asia, the Middle East, and Africa. The report highlights how digital assets have become a core part of the global financial landscape.
The report highlights a significant growth in the stablecoin market. In 2024 market cap grew by $73.5B to $161.2B. In May 2025, the market cap was around $230 billion. In the same year, the transaction value of stablecoins hit $15.6 trillion, roughly 119% and 200% that of Visa and Mastercard, respectively, with the number of transactions reaching 110 million monthly.
The rapid growth is particularly notable in emerging markets such as India, Nigeria, and Indonesia, which rank among the top countries for crypto adoption. The report also indicates that stablecoins now account for 43% of total cryptocurrency transactions in Sub-Saharan Africa, with Nigeria alone experiencing nearly $22 billion in transactions from July 2023 to June 2024. Beyond this, Ghana, Kenya, Zambia, Ethiopia, and Uganda are also experiencing growing adoption of stablecoins.
“Our success in Africa created the blueprint for our global expansion,” said Chris Maurice, CEO and Co-Founder of Yellow Card. “The financial friction businesses face, from currency devaluation to unreliable liquidity, isn’t a regional issue; it’s a universal one. We are now deploying that proven model to provide the essential financial rails businesses everywhere need to thrive.”
The findings show that stablecoins are not just for speculation but are being utilised for practical purposes. For companies engaged in cross-border trade, stablecoins provide an alternative to traditional forex markets, reducing the risks and inefficiencies of multiple currency conversions. Businesses operating in high-inflation environments also use stablecoins for treasury management, preserving the value of their capital reserves while maintaining the flexibility to deploy funds for imports, payroll, or investment opportunities.
“The report showcases real-world applications, such as facilitating cross-border trade, transforming insurance, and aiding businesses with treasury management in volatile economies. It also details the rapid growth of stablecoin transactions, surpassing Visa and Mastercard in 2024. Furthermore, it outlines key players like Yellow Card, the underlying technology, and future trends, emphasising stablecoins as a fundamental tool for financial stability and efficiency,” says Lasbery Chioma Oludimu, VP of Global Operations and MD of Yellow Card Nigeria.
Stablecoins also play a key role in arbitrage trading, where companies take advantage of price differences across markets to optimize revenue.The report also details the role of blockchain networks, with TRON emerging as a dominant platform for stablecoin transactions in Africa and Latin America.
As Africa’s leading stablecoin payments infrastructure provider, Yellow Card has already facilitated over $6 billion in transactions across 20 countries. The company’s strategic vision includes expanding partnerships with global fintechs, integrating with mobile money systems, and advocating for regulatory clarity to support sustainable adoption.
The full report presents a comprehensive view of the stablecoins ecosystem, including institutional adoption and the future of regulation.
Download the full report here or visit https://links.yellowcard.io/impact-report-2025
