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The African stablecoin on/off ramp, Yellow Card, is set to introduce the stablecoin USDC on the Stellar network. This partnership has the potential to transform global payments and accelerate the adoption of digital assets.
Yellow Card, a major licensed stablecoin on/off ramp in the African continent, recently announced plans to introduce the stablecoin USDC on the Stellar network. This integration will enable Yellow Card users to send the stablecoin with low transaction fees and at lightning-fast speeds.
According to a statement released on Feb. 13, Yellow Card’s partnership with Stellar marks a significant milestone for the digital assets and blockchain industry. Furthermore, this partnership has the potential to transform global payments and accelerate the adoption of digital assets, the statement said.
The announcement of Yellow Card’s partnership with Stellar comes just over a month after the company unveiled its collaboration with the cryptocurrency exchange Coinbase. As reported by Bitcoin.com News, this partnership enabled Coinbase to broaden its product offerings to 20 African countries.
Commenting on his platform’s latest partnership announcement, Chris Maurice, the co-founder and CEO of Yellow Card, said:
“We are thrilled to bring USDC on Stellar to our users. This is a giant leap forward for global payments, making it easier, faster, and more affordable for people around the world to access and utilize digital dollars.”
To promote the use of this new feature, Yellow Card announced it will award 5 USDC stablecoins to customers who transfer at least three USDC stablecoins via the Stellar network.
