Quidax expands SEC-licensed stablecoin rails to 21 countries

Quidax, Nigeria’s first Securities and Exchange Commission-licensed digital assets exchange, announced on July 28, 2026 that it has extended compliant stablecoin rails to more than 21 countries and 14 currencies, including support for USDT, XAUT and USAT.

The Lagos-based exchange noted the expanded rails are intended to shorten settlement times and lower costs for cross-border payments across several African markets and select international corridors. Quidax reports its infrastructure settles transactions in under 48 hours without routing through correspondent banks. Fees are reported below the global average and align with the G20 and United Nations Sustainable Development Goal target of 5 percent for remittances.

Quidax cited persistent frictions in intra-African payments as the reason for the expansion, pointing to an estimate that African businesses lose about $5 billion a year to cross-border payment fees and inefficiencies. The company gave the example of a payment from Accra to Durban that can take up to seven days and cost as much as 13 percent when routed through Europe, compared with a global average near 6 percent.

The rails cover key African economies including Nigeria, Ghana, Kenya, Tanzania, Rwanda, South Africa, Ethiopia, Cameroon and Cote d’Ivoire. Internationally, the network extends to Canada, China, the United Arab Emirates, the United Kingdom, the United States and several European countries. Supported tokens include USDT, XAUT and USAT, and the network handles local currencies such as the Nigerian naira, Ghanaian cedi, Central African and West African CFA francs and the US dollar.

Quidax reported that more than 5,000 startups, fintechs and enterprises use its infrastructure for payments, remittance, gaming and banking. The exchange identified Tether and Chainalysis among its partners. The company also operates an orderbook exchange, an over-the-counter desk and provides white-label stablecoin and digital asset APIs.

Quidax received a provisional licence from Nigeria’s SEC and said it is working to broaden its licensing footprint across additional markets as it scales the rails and payments infrastructure.

“Our compliance-first stablecoin infrastructure was created to remove that levy and bring us closer to a world with zero financial borders.” Buchi Okoro, CEO and co-founder of Quidax.