Five years of on-chain value
On-chain value received in Sub-Saharan Africa, from Chainalysis’ annual Geography of Cryptocurrency reports (July-to-June years, labelled by the year they end):
The last year made Sub-Saharan Africa the third fastest-growing crypto region in the world, behind Asia-Pacific and Latin America. Nigeria alone received more than $92 billion.
The stablecoin share
Stablecoins account for 43% of the region’s on-chain transaction volume, which puts last year’s stablecoin flow at roughly $88 billion. Chainalysis also reports frequent multi-million-dollar stablecoin transfers linking Africa, the Middle East and Asia for energy and merchant payments: trade settlement, not speculation.No one publishes stablecoin volume for licensed PSPs on their own. Corridor sizes its opportunity against the region’s total stablecoin flow and positions itself as the licensed layer on top of it. The business model shows revenue at different shares of that flow.
The trade behind the flows
Every import is a payment out of Africa, and every export a payment in. Corridor serves both directions on the same hub: collections in, payouts out.
Why now
A payments chain exists
Tempo, incubated by Stripe and Paradigm, is built for stablecoin payments: memos on every transfer, gas paid in stablecoins, sub-second finality.
Bridging is commoditised
Across moves USDC between Tempo, Base and Solana in seconds for fractions of a cent, so the hub is never isolated.
Ramps have APIs
African ramp partners such as Paj expose business APIs with signed webhooks that settle on Solana.
Privacy is production-grade
Zcash’s Ironwood pool, FROST threshold signing and scoped viewing keys make private supplier payments auditable.