Quidax expands stablecoin payment infrastructure to 21 countries

Quidax is expanding coverage for its stablecoin payment infrastructure to over 21 countries. The countries span four continents and include Rwanda, South Africa, Canada, China, the United Arab Emirates, the United States of America, and the United Kingdom.

Traditional cross-border payment options within Africa interact with multiple parties, many outside the continent. That increases both the time and cost of doing business for many on the continent. 

Those challenges with payment have been the catalyst for widespread adoption of cryptocurrencies and now stablecoins.

“Africa is home to the world’s fastest-growing economies, yet individuals and businesses pay an ‘African border levy’ every time they move money across the continent,” Buchi Okoro, CEO and Co-Founder of Quidax, said in a statement. “Our compliance-first stablecoin infrastructure was created to remove that levy and bring us closer to a world with zero financial borders.”

Stablecoins, whose value is typically pegged to fiat currencies like the US dollar, have increasingly become the preferred settlement layer for businesses moving money across borders. Unlike traditional payment rails that can take days and involve correspondent banks, stablecoin transactions can settle within minutes, reducing both costs and uncertainty.

For African businesses that import goods or pay international suppliers, that speed can be consequential. Delays in settling invoices often translate into higher operating costs, strained supplier relationships, and exposure to volatile exchange rates.

Quidax, one of the continent’s oldest blockchain infrastructure companies, is part of a growing list of African fintechs betting that stablecoin infrastructure will play a major role in the next phase of cross-border payments. 

Rather than positioning cryptocurrencies as speculative assets, these companies are building tools that abstract away the blockchain while allowing businesses to benefit from faster and cheaper settlement.

The expansion also reflects the increasing institutional acceptance of stablecoins. Global payment companies, banks, and fintechs have in recent years begun exploring or integrating stablecoin-based payment rails as regulators in several jurisdictions move toward clearer frameworks for digital assets.

For Quidax, broader geographic coverage means businesses can access a larger network of payment corridors without navigating multiple banking relationships in different countries. The company says its infrastructure is built with compliance at its core, an increasingly important consideration as regulators scrutinise digital asset transactions more closely.

Last updated: July 28, 2026