Quidax expands stablecoin infrastructure to 21+ countries

Quidax, the first digital assets exchange to receive a provisional license from Nigeria's Securities and Exchange Commission (SEC), announced the expansion of its stablecoin infrastructure to more than 21 countries and 14 currencies. The infrastructure enables startups, fintechs, and global enterprises to move value across Africa and key international markets, settling cross-border payments in under 48 hours at a cost below the global average. The expansion covers nine African markets (Nigeria, Ghana, Kenya, Tanzania, Rwanda, South Africa, Ethiopia, Cameroon, Ivory Coast) and extends to Canada, China, the United Arab Emirates, the United Kingdom, the United States, and several European countries. The rails support Tether (cryptocurrency), Tether Gold, USAT, and other stablecoins, as well as 14 local and international currencies. Quidax counts Tether and Chainalysis among its partners. The company positions itself as a regulated alternative to competitors like Yellow Card Financial and Chipper Cash.