Aptos powers a new stablecoin payment corridor between the Middle East and Africa

Jun 4, 2026 9:30 PMPublished Jun 4, 2026 9:30 PM

Traditional banks are obsolete. In Sub-Saharan Africa, they charge 7.9% for transfers, while stablecoins on Aptos slash costs from 29% to just 2%. With 43% of the region's crypto volume already in stablecoins, the new regulated corridor between the UAE and Africa proves legacy finance is no longer the smartest option for trade. If blockchain is faster, cheaper, and now regulated, why would any business still choose a bank? Is the era of bank-led trade over?
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A pilot from Aptos Foundation, HashKey MENA, and African payments platform Daya will move money between the UAE and Africa using stablecoins settled on Aptos, in a region where sending money is the most expensive in the world.

www.thestreet.comAptos powers a new stablecoin payment corridor between the Middle East and Africa A pilot from Aptos Foundation, HashKey MENA, and African payments platform Daya will move money between the UAE and Africa using stablecoins settled on Aptos, in a region where sending money is the most expensive in the world.

Aptos •Aptos Foundation •Blockchain •Africa •Middle East

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