IOTA is starting a trade revolution in Africa with a stablecoin.

African Innovative Step in Trade

African Continental Free Trade Area Secretariat and IOTA Foundation, in collaboration with the Tony Blair Institute and the World Economic Forum, aim to transform the movement of goods by utilizing stablecoins.

As part of these efforts, Tether (USDT) will support international payments and enable instant settlement and new forms of trade financing.

The project aims to reduce chaotic paper processes, lower costs, decrease border delays by more than 50%, and eliminate document fraud.

Long-Term Goals and Economic Potential

The roadmap of the ADAPT project envisions covering 55 African Continental Free Trade Area (AfCFTA) countries by 2035. This initiative is expected to double continental trade and generate an additional $70 billion in economic value.