Quidax Scales Stablecoin Infrastructure Across 21 Nations

The expansion allows fintechs and global enterprises to move value between 14 local and international currencies, including the Nigerian Naira, Ghanaian Cedi, and various CFA francs. By eliminating the need for correspondent banks in Europe, the platform targets the G20 and UN goal of reducing remittance costs to below 5%. The system currently supports major stablecoins like USDT and XAUT, providing a regulated framework for over 5,000 existing business clients.

Buchi Okoro, CEO and co-founder of Quidax, describes the current state of intra-continental finance as an "African border levy" that stifles growth. The exchange, which holds a provisional license from Nigeria's Securities and Exchange Commission, is now scaling its operations into markets spanning from Canada and the United Arab Emirates to Kenya, Rwanda, and South Africa. Backed by partnerships with Tether and Chainalysis, the firm is positioning its API-driven infrastructure as a primary rail for digital value transfer across emerging economies.