Okoro Harps on Trust as Institutions Set to Promote Stablecoins
Quidax, an African-founded digital assets exchange and the first to receive a provisional licence from the Securities and Exchange Commission (SEC), is working to build a digital asset framework that
Buchi Okoro, co-Founder and CEO of Quidax, emphasized the importance of trust as regulators, businesses and customers prepare to embrace stablecoins and digital assets. Quidax, the first African-founded digital assets exchange to receive a provisional license from the Securities and Exchange Commission (SEC), aims to become the trusted partner for institutions seeking to incorporate stablecoins and digital assets into their offerings.
Okoro explained during The Exchange forum on stablecoins and digital assets, hosted by Quidax in collaboration with Tether (issuer of USDT), that the focus of the next five years will be on supporting the ecosystem around them. He highlighted that an increasing number of institutions, including banks, asset managers, fintechs, and businesses in various sectors, are contemplating how to provide stablecoins and digital assets to their customers.
Quidax intends to play a pivotal role in this transition, offering education, upholding the highest professional and compliance standards, and constructing the necessary infrastructure to serve customers effectively.
The SEC's Head of the Lagos Zonal Office, John Briggs, representing the commission's Director General, Dr. Emomotimi Agama, noted that sub-Saharan Africa had witnessed a significant surge in on-chain value, with $205 billion transacted between July 2024 and June 2025, reflecting a 32% increase from the previous year. Nigeria led the region, receiving over $92.1 billion during the same period, setting a high benchmark in the region.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
