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最近有人问我，为什么 Yellow Card 选择在非洲开展业务。这个问题来自一家拥有百年历史的消费品公司的高管，他们当时正在探索稳定币如何支持其全球贸易流。
那次对话一直留在我的脑海中。它凸显了两件事：首先，稳定币不再只是金融科技和加密货币公司的话题，传统的全球企业现在也开始关注。其次，虽然稳定币已经开始证明其价值，但它们仍未处于全球金融的中心。世界经济论坛（WEF）报告称，2024年全球稳定币交易额达到27.6万亿美元，超过了Visa和Mastercard交易额的总和。但要实现真正的普及，稳定币需要比技术更强大的东西：合作伙伴关系。
发行方、基础设施提供商、协议、监管机构和企业之间的合作，将把稳定币从一种新兴创新转变为主流金融基础设施。在非洲和其他新兴市场，这一点最为明显，因为在这些地区，对实用、稳定和高效金融工具的需求最为迫切。
建立准入与信任
普及的第一块基石是使稳定币既值得信赖又易于使用。这就是发行方与基础设施之间的合作伙伴关系发挥决定性作用的地方。
以 Yellow Card 与 Tether 以及其他稳定币发行方（包括 Circle 和 Paypal）的长期合作为例。这些合作远远超出了流动性的范畴。我们共同开展了金融素养项目，覆盖了20个非洲国家的100多万人，向社区展示了稳定币如何支持汇款、账单支持和储蓄等日常需求。如今，正是这些合作伙伴关系推动了 Yellow Card 70亿美元交易量中的大部分，如果没有全球发行方的信誉与本地基础设施的可及性相结合，这是不可能实现的规模。
我们在整个行业也看到了类似的势头。例如，Ripple 已与包括 Yellow Card 在内的本地交易所和基础设施提供商合作，在非洲市场推出 RLUSD，将稳定币直接嵌入该地区的金融体系中。
协议：推动规模和效率
每笔稳定币交易的背后都有一个区块链协议。在新兴市场，速度和成本决定了一切，这些协议是推动普及的真正引擎。
在 2025 年第一季度，Solana 每月处理超过 2 亿笔稳定币交易，这清楚地表明使用规模增长有多快。这相当于每天有数百万笔转账，而发送这些付款的成本仅为一美分的一小部分。结合本地金融基础设施，这种速度和几近于零的成本使稳定币对于从日常账单到大型区域贸易流的各种场景都非常实用。
在拉丁美洲，故事不仅关乎全球稳定币，也关乎本地稳定币。在巴西，cREAL（一种雷亚尔本币稳定币）已在金融科技公司和区块链网络的支持下进行试点。在墨西哥，锚定比索的稳定币正在针对汇款通道进行测试，特别是墨西哥与美国之间的汇款。与 Stellar 和 Polygon 等协议的合作已被证明是扩大流动性和准入的关键。而在通货膨胀率超过 100% 的阿根廷，锚定美元的稳定币被广泛使用，发行商和本地钱包使其成为日常储蓄和商业的工具。
与监管机构合作建立合法性
俗话说，“先创新，后监管。” 但在现实中，没有明确的规则，任何金融创新都无法实现规模化。为了让稳定币从边缘走向主流，监管机构不能仅仅被视为裁判，而是强大的赋能者。
肯尼亚就是一个很好的例子。2024 年，加密货币从业者与政府利益相关者的合作，为《虚拟资产服务商法案 (2025)》铺平了道路，这是非洲首批全面的加密货币 and 稳定币法律之一。该立法为企业提供了清晰度，为消费者提供了保护，并为该生态系统提供了合法性。这一趋势远远超出了非洲的范围。
在欧盟，MiCA 针对稳定币制定了全面的标准，重点是透明度和准备金。在美国，《GENIUS 法案》为稳定币的发行和监管建立了一个清晰的框架。在新加坡，金融管理局（MAS）的指导方针在创新与用户保护之间取得了平衡。在巴西，数字资产法律明确承认了稳定币在汇款中的地位。
企业将稳定币转化为日常实用工具
在非洲，这一趋势已经显现。在尼日利亚，中小企业使用 USDT 向中国的供应商付款。在肯尼亚，非政府组织已试行通过稳定币进行款项发放，以加快援助交付。在整个撒哈拉以南非洲地区（2023 年汇款总额达到 540 亿美元），稳定币正在将汇款成本从 8-10% 降至 1% 以下。与 Visa 和 Yellow Card 的合作伙伴关系正在帮助企业简化支付流，将稳定币嵌入区域生态系统中。在全球范围内，公司开始使用稳定币结算供应商发票和工资，而企业则在探索将其用于资金管理。在拉丁美洲，巴西和阿根廷的零售商和在线商户越来越多地接受稳定币，以对冲货币波动并简化贸易。
随着更多企业采用稳定币，它们正从金融科技的一个利基市场转变为一种主流金融工具，为贸易、工资、汇款和援助发放提供支持。合作伙伴关系再次成为中心：全球发行方、本地基础设施、监管机构和企业携手合作。
结论
稳定币不再处于金融界的边缘。它们已经在付款、汇款和贸易中证明了其实用性，但它们的真正影响将在它们成为日常金融基础设施的一部分时显现。回顾加密货币的发展，一个主题非常突出：合作伙伴关系始终是乘数效应。
最让我感到兴奋的是，现在引领潮流的不再仅仅是金融科技公司或交易所。甚至拥有百年历史的消费品公司现在也开始探索稳定币以简化全球贸易。这是未来的一个强有力信号。
Building Access and Trust
The first building block of adoption is making stablecoins both trustworthy and easy to use. This is where partnerships between issuers and infrastructure play a defining role.
Take Yellow Card’s long-standing work with Tether and other Stablecoin issuers among them Circle, and Paypal. These collaborations have gone far beyond liquidity. Together, we’ve delivered financial literacy programs that have reached over 1 million people across 20 African countries, showing communities how stablecoins can support everyday needs like remittances, bill payments, and savings. Today, those same partnerships drive the majority of Yellow Card’s $7 billion in transaction volumes, a scale that wouldn’t be possible without pairing the credibility of global issuers with the accessibility of local infrastructure.
We’re seeing similar momentum across the industry. Ripple, for instance, has teamed up with local exchanges and infrastructure providers, including Yellow Card, to roll out RLUSD in African markets, embedding stablecoins directly into the region’s financial systems.
Protocols: Powering Scale and Efficiency
Behind every stablecoin transaction sits a blockchain protocol. In emerging markets, where speed and cost make all the difference, these protocols are the real engines of adoption.
In Q1 2025, Solana processed over 200 million stablecoin transactions every month, a clear sign of how quickly usage is scaling. That’s the equivalent of millions of transfers each day, payments that cost just fractions of a cent to send. Combined with local financial infrastructure, this kind of speed and near-zero cost makes stablecoins practical for everything from everyday bills to large regional trade flows.
In Latin America, the story is not only about global stablecoins but also local ones. In Brazil, the cREAL (a real-denominated stablecoin) has been piloted with support from fintechs and blockchain networks. In Mexico, peso-backed stablecoins are being tested for remittance corridors, especially Mexico–U.S. Partnerships with protocols like Stellar and Polygon have been key to expanding liquidity and access. And in Argentina, where inflation exceeds 100%, dollar-backed stablecoins are widely used, with issuers and local wallets making them everyday tools for savings and commerce.
Working With Regulators to Build Legitimacy
The saying goes, “innovate first, regulate later.” But in reality, no financial innovation can scale without clear rules. For stablecoins to move from the margins into the mainstream, regulators must be seen not just as referees, but as powerful enablers.
Kenya is a strong example. In 2024, collaboration between crypto players and government stakeholders paved the way for the Virtual Asset Service Providers Bill (2025), one of Africa’s first comprehensive crypto and stablecoin laws. The legislation offers clarity for businesses, protections for consumers, and legitimacy for the ecosystem. And this trend extends well beyond Africa.
In the EU, MiCA sets comprehensive standards for stablecoins with a focus on transparency and reserves. In the U.S., the GENIUS Act establishes a clear framework for stablecoin issuance and oversight. In Singapore, MAS guidance balances innovation with user protection. In Brazil, digital asset laws explicitly recognize stablecoins in remittances.
Enterprises Turning Stablecoins Into Everyday Utility
In Africa, the trend is already visible. In Nigeria, SMEs use USDT to pay suppliers in China. In Kenya, NGOs have piloted disbursements via stablecoins to speed up aid delivery. Across Sub-Saharan Africa, where remittances totaled $54 billion in 2023, stablecoins are reducing costs from 8-10% to under 1%. Partnerships with Visa and Yellow Card are helping enterprises streamline payment orchestration embedding stablecoins into regional ecosystems. Globally, companies are beginning to settle supplier invoices and payroll using stablecoins, while corporates explore them for treasury management. In Latin America, retailers and online merchants in Brazil and Argentina increasingly accept stablecoins to hedge against currency volatility and simplify commerce.
As more enterprises adopt stablecoins, they move beyond being a fintech niche into a mainstream financial tool, powering trade, payroll, remittances, and aid distribution. And once again, partnerships are at the center: global issuers, local infrastructure, regulators, and enterprises working hand in hand.
Conclusion
Stablecoins are no longer on the sidelines of finance. They’ve proven their utility in payments, remittances, and trade, but their real impact will come when they become part of everyday financial infrastructure. Looking back at crypto’s growth, one theme stands out: partnerships have always been the multiplier.
What excites me most is that it’s no longer just fintechs or exchanges leading the way. Even century-old consumer goods companies are now exploring stablecoins to simplify global trade. That is a powerful signal of what’s ahead.
