Daya, a Nigerian B2B stablecoin payments startup, has partnered with Aptos Foundation and Dubai-based crypto exchange HashKey MENA to launch a pilot stablecoin settlement corridor connecting businesses in Africa and the Middle East.
The partnership will allow businesses to convert local currencies into stablecoins, settle transactions on the Aptos blockchain, and receive funds in local currencies at the destination.
The move marks Aptos’ latest effort to push into Africa. The Layer 1 blockchain, originally built in 2021 to power decentralised finance (DeFi), non-fungible tokens (NFTs), and gaming, is now increasingly positioning itself around cross-border payments infrastructure in emerging markets.
Under the pilot, HashKey MENA will provide regulated fiat on- and off-ramps in the Middle East, while Daya will facilitate payment flows across African markets, including the Nigerian Naira and other local currencies. The corridor will also support bank transfers, virtual local-currency accounts, and payment application programming interfaces (APIs) that businesses and fintechs can integrate into their operations.
The pilot is part of HashKey’s Asia Connect network, which links payment corridors across Hong Kong, the Philippines, Vietnam, the UAE, and now Africa.
