Mariblock Weekly
🟠 Why Yellow Card shuttered its retail business
Plus: 🇿🇦 USD stablecoins can undermine African monetary sovereignty — SARB Governor
Nov 13, 2025
Plus: 🇿🇦 USD stablecoins can undermine African monetary sovereignty — SARB Governor
Yellow Card told Mariblock that the decision was driven by strong, growing demand for stablecoin-fiat payment services.
Ripple described Africa as a “natural next step” for RLUSD, citing increasing demand among businesses worldwide.
Both firms plan to explore opportunities to drive stablecoin adoption in treasury management and cross-border payments across markets where Yellow Card is regulated.
BoG claims Yellow Pay is offering digital payment services, crypto trading, and stablecoin-based remittances without proper licensing.
Plus: 🇬🇭 Bank of Ghana plans crypto regulations by September; 🇿🇦 Binance tightens rules for South African users
African crypto firm Yellow Card and fintechs Flutterwave and Onafriq are among the Circle Payment Network’s inaugural partners
Plus: 🌍 Tether teams up with Quidax on blockchain education in Africa 🇿🇦 Yellow Card appoints new South Africa country manager
However, both exchanges are reluctant to list the cNGN just yet because of a lack of demand and clear use cases.
