Sui has announced a partnership with Daya to enable gasless stablecoin transactions for businesses across Africa, aiming to simplify cross-border payments and streamline treasury management. With stablecoins gaining increasing traction as a reliable payment option in the region, this collaboration seeks to address common challenges faced by African companies in cross-border settlements and remittances.
Daya integrates Sui for seamless business payments
Daya has incorporated Sui as its settlement infrastructure, allowing businesses to execute stablecoin transfers without network gas fees. The integration is already live across Daya Business, Daya Pro, and Daya APIs, expanding access to payments, liquidity, remittances, and developer services.
Currently operating in Nigeria, Daya plans to roll out additional local-currency rails in South Africa, Ghana, and Kenya. The collaboration aims to make cross-border transactions for African enterprises more efficient by leveraging Sui’s gasless transaction capability to reduce costs and operational friction.
Sui’s gasless model eliminates the need for companies to hold or manage a separate SUI token balance. Instead, supported stablecoins such as USDC serve as direct payment assets, streamlining both settlements and treasury operations for users on the continent.
Adeniyi Abiodun, Co-Founder and Chief Product Officer at Mysten Labs, highlighted the significance of this technological shift.
He emphasized that removing gas fees helps deliver blockchain-based financial products that are faster, more reliable, and global in scope, while Daya’s platform addresses essential business needs for efficient money movement across Africa.
Tomiwa “Aleph” Lasebikan, Co-founder and CEO of Daya, underscored the benefits for businesses. He pointed out that by eliminating the need to understand or manage a native network token, millions of African enterprises can adopt stablecoin-based payments more easily.
Stablecoins strengthen Africa’s payment infrastructure
The adoption of stablecoins continues to accelerate across African markets, particularly as businesses seek faster value transfer and insulation from local currency volatility. Many firms remain hindered by payment processing delays, foreign exchange barriers, and high transaction costs. By enabling dollar-backed digital assets to bypass cumbersome intermediaries, stablecoins are emerging as the preferred payment rail for cross-border activity.
Daya’s integration of Sui comes amidst a broader trend of blockchain and fintech innovation in Africa. Providers are building ecosystems capable of local collection, stablecoin conversion, multi-currency accounts, and cross-border payouts—all from a single platform.
As technical milestones such as Daya’s Sui-powered gasless payments are reached, a larger transition is taking place within financial markets. While traditional systems often depend on intermediaries or brokers, more investors and businesses are turning to decentralized solutions. Wall Street is increasingly embracing Web3, with investors leveraging tools like 1stepSwap to directly hold shares of leading US companies, as well as gold and silver, in their crypto wallets. Through real-world asset (RWA) tokenization and automatic price matching, these platforms further eliminate middlemen from the transaction process.
Sui’s growing stablecoin market is also fueling this transformation. Research from DeFiLlama shows around $470 million in stablecoin capitalization currently present on Sui, underscoring the network’s sizable liquidity and its expanding role in Africa’s digital payments sector.
The scale of stablecoin activity points to a deepening infrastructure for payment-focused applications. As blockchain networks and established financial infrastructure providers collaborate, the resulting solutions could dramatically improve efficiency and accessibility for businesses in Africa.
The continued adoption and real-world application of such technology will be shaped by demand among businesses and the willingness of payment providers to integrate scalable blockchain infrastructure. Ongoing partnerships, such as the new agreement between Sui and Daya, are set to reinforce the region’s evolving digital financial landscape.
