Africa to Boost $70B Trade via ADAPT Blockchain & Stablecoins
ADAPT blockchain network aims to digitalize Africa’s trade. It leverages stablecoins for cross-border payments, stores digital trade documents, and manages interoperable digital identities. Backed by AfCFTA, the African Union, Tony Blair Institute, World Economic Forum and IOTA Foundation, the platform targets all 55 African countries by 2035. Pilots launch in 2026 in Kenya, Ghana and a third nation, with full rollout from 2027 to 2035. ADAPT is projected to add $70 billion in annual intra-African trade, cut customs clearance from 14 days to under 3, and slash payment costs below 3%. The initiative builds on national digital ID schemes in Nigeria and Ethiopia and prior tests in the UK and Netherlands. With an estimated 75 million crypto users by 2026 and stablecoins accounting for 43% of Sub-Saharan transactions, ADAPT’s blockchain and stablecoin infrastructure is poised to unify fragmented payment systems, reduce reliance on correspondent banking, and accelerate digital trade across the continent.
Bullish
Introducing the ADAPT blockchain and stablecoins infrastructure creates a unified payments layer across Africa. In the short term, pilots will drive local demand for stablecoins and tokenized services, likely boosting trading volume for MIOTA and other compatible tokens. Over the long term, a $70 billion trade uplift, faster settlement, and lower fees will strengthen blockchain adoption and stablecoin usage on the continent. Combined with growing crypto user bases and national digital ID schemes, this initiative underpins sustained market expansion and positive sentiment in the crypto sector.