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Home/News/Nigerian Startup Daya Launches Stablecoin Platform for Cross-Border Business Payments
BitcoinKE·3d ago·positive

Nigerian Startup Daya Launches Stablecoin Platform for Cross-Border Business Payments

Nigerian startup Daya has launched a stablecoin-powered platform that cuts cross-border business payment fees to as low as 0.1%, down from up to 10% via traditional banks. The company raised $350,000 from Alliance DAO, Hivemind, and Lattice.

  • Founded by Lasebikan and Paul Joe in October 2025, Daya was the only African startup in Alliance DAO's ALL15 cohort
  • Businesses get a US dollar account; incoming funds convert to stablecoins for instant global settlement
  • Charges 0.1%–0.3% per transaction vs. up to 10% through traditional cross-border channels
  • Transfers that typically take 3–5 business days can be completed the same day
  • Uses Aptos blockchain for settlement and aggregates multiple AML-compliant OTC liquidity providers
defimarketImpact 5/10
Why our editor rated this positive

Stablecoin adoption for real-world payments in Africa reduces costs and settlement times, a clear positive for crypto utility and financial inclusion.

Read the full story at BitcoinKE

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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