Stablecoin story: Parallax

Stablecoin use case

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The USD shortage in Africa makes it difficult for importers to pay global suppliers and for multinational companies to move money out of the continent. Artoh has built a B2B payments platform and liquidity provider, powered by stablecoins, to overcome these challenges by offering faster, more secure, and efficient cross-border transactions. Artoh ensures that payments are made promptly and efficiently, reducing the risk of delays and enhancing trade relationships.

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Artoh provides African businesses instant USD and EUR liquidity that can be used to pay global vendors and suppliers quickly and efficiently. In turn, multinational companies can send money from Africa to Europe or the US within 24 hours and other regions in 3-5 business days. Artoh’s platform offers greater speed, affordability, transparency, and security than that of traditional global payments methods such as wires, ACH, and SWIFT, while remaining fully compliant with international regulations.

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Statistics

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• Trade finance is a $10 trillion industry
• Tether (USDT) recently financed $45M of crude oil
• Current trade finance gap in Africa estimate at >$100B

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