As reported by BlockTempo, the African Continental Free Trade Area (AfCFTA) and IOTA Foundation have launched the ADAPT initiative, aiming to use USDT as a core settlement tool to digitize trade across 55 African countries. The project, supported by the Tony Blair Institute for Global Change and the World Economic Forum, seeks to replace paper-based processes with blockchain and stablecoins, reducing trade costs and delays. IOTA will provide infrastructure technology, with pilot results in Kenya and Rwanda showing trade clearance times reduced from weeks to minutes and costs cut by over 30%. The initiative plans to roll out in Kenya, Ghana, and an unnamed North African country by the end of 2025, with full coverage of all 55 member states by 2035. AfCFTA estimates that digitizing trade could unlock $70 billion in new trade value and generate $23.6 billion in annual economic benefits.
IOTA and AfCFTA Launch ADAPT Initiative to Use USDT for 55 African Nations' Trade
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