MUMBAI, 21 April 2025: Farmers across Africa and other emerging regions are increasingly adopting stablecoins to bypass outdated banking systems, lower transaction costs, and tap into global agricultural markets.
Stablecoins — digital assets pegged to fiat currencies — are helping small-scale farmers solve one of their biggest problems: expensive, delayed cross-border payments. In regions where banking infrastructure is poor, farmers often face transaction fees between 3%–6%, long settlement times of up to 120 days, and losses due to volatile local currencies.
“With stablecoins, farmers save on fees, receive funds within minutes, and gain direct access to global buyers,” says Henry Duckworth, CEO of agri-crypto platform AgriDex. “It’s a game changer for the sector.”
Companies like Parrogate in Zimbabwe are already using blockchain to pay suppliers more efficiently and reduce trade friction. By removing intermediaries and standardizing payments in stable currencies, traders can protect profits, avoid currency devaluation, and reduce fraud in global food supply chains.
However, regulatory hurdles and tech literacy gaps remain barriers to adoption. While the EU’s agricultural system is more robust, emerging markets have the most to gain — and are leading the shift toward digital finance.
As global food demand grows, experts believe stablecoins will become essential tools for financial inclusion in agriculture.
Image credit: blog.mexc.com
