Grey Business processes $61 million as stablecoins dominate payments
- Grey processed $61.4 million in total payment volume within four months of launching its platform.
- The platform enables startups and SMEs to open USD corporate accounts and transact using stablecoins.
- Stablecoins accounted for 43% of all crypto transaction volume in Sub-Saharan Africa in 2024.
The rapid adoption of stablecoins for cross-border payments in Africa highlights a significant shift in the financial landscape, where traditional banking has often overlooked the potential of this market. Companies like Grey are not only filling a gap but are also paving the way for more efficient and cost-effective international transactions. This trend could lead to increased financial inclusion and economic growth across the continent.
