Right: Lasbery Chioma Oludimu, VP of Global Operations and MD of Yellow Card.
Below: Cover page of the 2025 Stablecoin Adoption Report by Yellow Card.
Uganda Today: Yellow Card Releases Landmark Report on Stablecoin Adoption in Emerging Markets
Accra, Ghana – August 19, 2025 – Yellow Card, Africa’s leading stablecoin payments infrastructure provider, has released a groundbreaking report showcasing the transformative impact of stablecoins across emerging markets. The report, titled “Stablecoin Adoption in Emerging Markets: The Report for Business Leaders in Africa 2025”, underscores the growing role of digital assets in unlocking economic opportunities and reshaping global finance, particularly in regions like Latin America, Southeast Asia, the Middle East, and Africa.
Explosive Growth in Stablecoin Market
The report reveals a striking surge in the stablecoin market. In 2024 alone, the global stablecoin market capitalization grew by $73.5 billion, reaching $161.2 billion. By May 2025, the market cap had swelled to approximately $230 billion. Transaction volumes are equally impressive: in 2024, stablecoins recorded $15.6 trillion in transaction value—surpassing Visa and Mastercard by 119% and 200% respectively—with monthly transactions hitting 110 million.
Africa and Other Emerging Markets Leading the Way
Emerging economies are at the forefront of this financial evolution. Countries like India, Nigeria, and Indonesia rank among the top adopters of cryptocurrencies globally. In Sub-Saharan Africa, stablecoins now account for 43% of all cryptocurrency transactions. Nigeria alone recorded nearly $22 billion in stablecoin transactions from July 2023 to June 2024.
Other countries, including Ghana, Kenya, Zambia, Ethiopia, and Uganda, are also witnessing accelerating adoption as businesses and individuals turn to stablecoins to overcome economic hurdles like inflation, currency devaluation, and liquidity shortages.
“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—is not a regional issue but a global one. We’re now exporting our proven model to provide essential financial rails to businesses everywhere.”
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Stablecoins: From Speculation to Real-World Utility
The report illustrates how stablecoins are evolving beyond mere trading instruments to become practical tools for businesses. From enabling efficient cross-border trade and streamlining treasury management in inflation-prone economies to supporting payroll and procurement, stablecoins are proving vital for financial stability.
“The report showcases real-world applications—facilitating trade, transforming insurance, and aiding treasury functions. It also unpacks the rapid growth of stablecoin transactions, surpassing global payment giants. This positions stablecoins as a foundational tool for financial efficiency,” said Lasbery Chioma Oludimu, VP of Global Operations and MD of Yellow Card Nigeria.
Blockchain Networks and Arbitrage Innovation
The report also notes that platforms like TRON have emerged as dominant networks for stablecoin transactions in Africa and Latin America. Additionally, it highlights how stablecoins are fueling arbitrage trading—where businesses capitalize on price differentials across regions to boost profits.
Yellow Card’s Continental Footprint
With operations spanning 20 African countries, Yellow Card has already facilitated over $6 billion in transactions. The company’s roadmap includes forming new partnerships with global fintech firms, integrating with mobile money systems, and advocating for regulatory clarity to support long-term adoption.
The full report provides a deep dive into the institutional uptake of stablecoins, emerging regulatory frameworks, and forecasts on future growth trends.
👉 Download the full report here: https://links.yellowcard.io/impact-report-2025
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