New B2B stablecoin corridor launched to ease trade settlements between MENA and Africa

Aptos Foundation, HashKey MENA, and Daya have launched a pilot for a regulated B2B stablecoin payment corridor connecting the MENA region with Africa, using Aptos Layer 1 blockchain for settlement. This corridor aims to reduce high costs, slow processing, and liquidity issues in cross-border trade by enabling compliant, fast, and low-cost transactions. HashKey MENA operates under Dubai's VARA regulation, while Daya provides infrastructure including fiat on-ramps and virtual Naira accounts for Nigerian businesses. The pilot's success depends on navigating diverse regulatory environments across Africa, with potential risks from regulatory changes and pilot failure. Aptos tokens rose 5.1% after the announcement, reflecting investor optimism.