The African digital asset exchange platform Busha believes that stablecoins can play a decisive role in transformation of cross-border trade and strengthening the integration of continent to the global economy. This message was sent last week at the African Technology Summit in Nairobi, which brought together leaders from digital technology and finance sector.

Speaker during a round table entitled “Se Connecting to the global economy: how stablecoins solve real African problems”, Moyo Sodipo, director of operations at Busha, called for moving beyond the prism of price fluctuations and trading speculative often associated with digital assets.

“The real opportunity is in the infrastructure. We should focus on how digital assets solve the concrete problems of businesses: payments, trade, regulations and access,” he said in front of the participants.

In many African countries, businesses face long deadlines and high costs to make payments internationals. These constraints are in particular linked to the weakness of bank correspondence relationships and the volatility of local currencies, which complicate commercial transactions and weigh on the cash flow of operators.

Stablecoins — digital tokens that are generally indexed on major currencies such as the American dollar — are gradually being imposed as an operational alternative. More and more businesses used to pay bills, pay suppliers, or transfer funds internationally with greater speed and predictability.

According to Sodipo, the blockchain architecture on which These assets also offer an advantage in terms of transparency. Les trackable records and digital documentation can strengthen the internal control and facilitate regulatory compliance, thus contributing to mitigate the risks associated with trust

The leader also called for the emergence of stablecoins issued locally, in order to reduce dependence on instruments denominated in foreign currencies. According to him, such an evolution would require a increased cooperation between traditional financial institutions and digital asset platforms, rather than competitive logic. “The The success of the African financial ecosystem will be based on collaboration.” he insisted.

On the sidelines of the summit, Busha organized a professional networking event in partnership with Tether, the largest issuer of stablecoins in the world. African operations managers from the company took part in the exchanges, illustrating the growing interest of international actors for the development of digital finance on the mainland.