← Back to articles

Busha Partners with Tether to Expand Stablecoin Infrastructure Across Africa

Enabling Faster Global Trade: Busha Business Collaborates with Tether

In a significant development for African businesses, Busha Business—the B2B infrastructure arm of fintech company Busha—has partnered with Tether, the world’s largest stablecoin issuer. This collaboration aims to expand access to regulated stablecoin solutions that address critical pain points in cross-border payments and treasury management.

The Challenge for African Businesses

Across Africa, businesses face persistent challenges with traditional banking channels: slow transaction times, high costs, currency volatility, and fragmented systems create friction for international trade. While digital asset adoption is growing rapidly—Nigeria ranks second globally on Chainalysis’ Crypto Adoption Index—the need for compliant infrastructure remains.

The Solution: Stablecoin-Powered Financial Rails

The Busha-Tether partnership provides businesses with:

  • Faster cross-border payments: Settle transactions in minutes rather than days
  • Efficient treasury management: Reduce exposure to currency fluctuations and improve liquidity
  • Access to global markets: Accept international payments seamlessly through Busha Pay
  • Competitive yields: Earn daily returns on idle USD and Naira balances

Built on Busha’s SEC-licensed digital asset foundation, the platform currently serves over 1,500 businesses in Nigeria and Kenya—processing millions of dollars in daily transactions.

“Cross-border payments remain a bottleneck for African businesses,” said Paolo Ardoino, CEO of Tether. “By combining our global stablecoin network with Busha’s regional expertise, we’re creating financial infrastructure that moves at the speed of modern commerce.”

Implications for Growth

The partnership reflects a broader trend toward stablecoins as practical business tools—not just investment assets—for managing international trade and liquidity. As African businesses expand globally, demand for these regulated solutions is expected to grow alongside digital asset adoption.

Written with the assistance of AI. Reviewed and edited by the AfricanCEO editorial team.

Source: disruptafrica.com

Need AI, fintech, or digital transformation consulting? Talk to SoatDev →