{"id":3853,"date":"2025-08-22T11:23:37","date_gmt":"2025-08-22T03:23:37","guid":{"rendered":"https:\/\/theexchain.com\/otc-and-stablecoins-emerge-as-key-infrastructure-for-corporate-expansion-into-african-markets\/"},"modified":"2025-08-22T11:23:37","modified_gmt":"2025-08-22T03:23:37","slug":"otc-%e5%92%8c%e7%a9%a9%e5%ae%9a%e5%b9%a3%e6%88%90%e7%82%ba%e4%bc%81%e6%a5%ad%e6%8b%93%e5%b1%95%e9%9d%9e%e6%b4%b2%e5%b8%82%e5%a0%b4%e7%9a%84%e9%87%8d%e8%a6%81%e5%9f%ba%e7%a4%8e%e8%a8%ad%e6%96%bd","status":"publish","type":"post","link":"https:\/\/theexchain.com\/zh\/otc-%e5%92%8c%e7%a9%a9%e5%ae%9a%e5%b9%a3%e6%88%90%e7%82%ba%e4%bc%81%e6%a5%ad%e6%8b%93%e5%b1%95%e9%9d%9e%e6%b4%b2%e5%b8%82%e5%a0%b4%e7%9a%84%e9%87%8d%e8%a6%81%e5%9f%ba%e7%a4%8e%e8%a8%ad%e6%96%bd\/","title":{"rendered":"OTC \u548c\u7a69\u5b9a\u5e63\u6210\u70ba\u4f01\u696d\u62d3\u5c55\u975e\u6d32\u5e02\u5834\u7684\u91cd\u8981\u57fa\u790e\u8a2d\u65bd"},"content":{"rendered":"<p>\u8a31\u591a\u975e\u6d32\u570b\u5bb6\u7684\u91d1\u878d\u74b0\u5883\u8907\u96dc\uff0c\u4ee5\u9280\u884c\u9650\u5236\u3001\u8ca8\u5e63\u6ce2\u52d5\u548c\u76e3\u7ba1\u4e0d\u78ba\u5b9a\u6027\u70ba\u7279\u8272\uff0c\u9577\u671f\u4ee5\u4f86\u5c0d\u5c0b\u6c42\u9032\u5165\u5e02\u5834\u7684\u5916\u570b\u4f01\u696d\u9020\u6210\u91cd\u5927\u6311\u6230\u3002\u9019\u4e9b\u969c\u7919\u4e0d\u50c5\u59a8\u7919\u4e86\u65e5\u5e38\u71df\u904b\uff0c\u4e5f\u963b\u7919\u4e86\u6f5b\u5728\u7684\u6295\u8cc7\u3002\u70ba\u6b64\uff0c\u4ee5\u5340\u584a\u93c8\u70ba\u57fa\u790e\u7684\u52a0\u5bc6\u652f\u4ed8\u6e20\u9053\u9010\u6f38\u88ab\u63a1\u7528\uff0c\u6210\u70ba\u4e00\u7a2e\u91cd\u8981\u7684\u66ff\u4ee3\u65b9\u6848\u3002<\/p>\n<p>\u6b63\u5982\u4e4b\u524d\u7684\u5206\u6790\u6240\u63a2\u8a0e\u7684\uff0c\u96d6\u7136\u7a69\u5b9a\u5e63\u64c5\u9577\u65bc\u5be6\u73fe\u5373\u6642\u50f9\u503c\u8f49\u79fb--\u9019\u662f\u5340\u584a\u93c8\u7684\u6838\u5fc3\u80fd\u529b--\u4f46\u652f\u4ed8\u7cfb\u7d71\u6d89\u53ca\u7684\u4e0d\u50c5\u50c5\u662f\u7c21\u55ae\u7684\u9ede\u5c0d\u9ede\u4ea4\u6613\u3002\u6574\u500b\u904e\u7a0b\u901a\u5e38\u88ab\u7a31\u70ba\u300c\u7a69\u5b9a\u5e63\u593e\u5fc3\u5c64\u300d\uff08stablecoin sandwich\uff09\uff0c\u4ecd\u7136\u4f9d\u8cf4\u5169\u500b\u7aef\u9ede\u7684\u50b3\u7d71\u91d1\u878d\u7cfb\u7d71\u9032\u884c\u6cd5\u5b9a\u8ca8\u5e63\u7684\u958b\/\u95dc\uff0c\u6700\u7d42\u9023\u63a5\u81f3\u76ee\u6a19\u570b\u5bb6\u7684\u9280\u884c\u57fa\u790e\u8a2d\u65bd\u3002<\/p>\n<p>\u56e0\u6b64\uff0c\u52a0\u5bc6\u8ca8\u5e63\u5834\u5916\u4ea4\u6613 (OTC) \u5df2\u7d93\u6210\u70ba\u7a69\u5b9a\u5e63\u652f\u4ed8\u516c\u53f8\u7684\u6838\u5fc3\u7d44\u6210\u90e8\u5206\uff0c\u5c24\u5176\u662f\u5728\u7576\u5730\u8ca8\u5e63\u6d41\u52d5\u6027\u4e0d\u9ad8\u4e14\u6709\u5916\u532f\u7ba1\u5236\u7684\u975e\u6d32\u5e02\u5834\u3002\u7f3a\u4e4f\u5f37\u5927\u7684\u50b3\u7d71\u91d1\u878d\u57fa\u790e\u8a2d\u65bd\u523a\u6fc0\u4e86\u52a0\u5bc6\u8ca8\u5e63\u5834\u5916\u4ea4\u6613\u5e02\u5834\u7684\u6210\u9577\uff0c\u9019\u4e9b\u5e02\u5834\u70ba\u6cd5\u5e63\u548c\u7a69\u5b9a\u5e63\u4e4b\u9593\u5b89\u5168\u5feb\u901f\u7684\u514c\u63db\u63d0\u4f9b\u4e86\u9ad8\u6548\u7684\u670d\u52d9\u3002<\/p>\n<p>\u96a8\u8457\u975e\u6d32\u548c\u5168\u7403\u7d93\u6fdf\u52a0\u901f\u64c1\u62b1\u6578\u4f4d\u5275\u65b0\uff0c\u52a0\u5bc6\u8ca8\u5e63\u548c\u7a69\u5b9a\u5e63\u652f\u4ed8\u7ba1\u9053\u70ba\u4f01\u696d\u63d0\u4f9b\u4e86\u62d3\u5c55\u52d5\u614b\u5e02\u5834\u7684\u7b56\u7565\u6027\u6a5f\u6703\u3002<\/p>\n<p>### \u57f7\u884c\u6458\u8981<\/p>\n<p>\u5834\u5916\u52a0\u5bc6\u8ca8\u5e63\u4ea4\u6613\u6b63\u8fc5\u901f\u6210\u70ba\u5168\u7403\u4f01\u696d\u7121\u7e2b\u53c3\u8207\u975e\u6d32\u6578\u4f4d\u91d1\u878d\u751f\u614b\u7cfb\u7d71\u7684\u5fc5\u8981\u689d\u4ef6\u3002\u900f\u904e\u5728\u50b3\u7d71\u4ea4\u6613\u6240\u4e4b\u5916\u4fc3\u9032\u5927\u898f\u6a21\u3001\u9ede\u5c0d\u9ede\u7684\u52a0\u5bc6\u4ea4\u6613\uff0c\u5834\u5916\u4ea4\u6613\u6a21\u5f0f\u89e3\u6c7a\u4e86\u50b3\u7d71\u9280\u884c\u7684\u7d50\u69cb\u6027\u7f3a\u9ede\uff0c\u70ba\u6a5f\u69cb\u898f\u6a21\u7684\u7d50\u7b97\u63d0\u4f9b\u4e86\u5b89\u5168\u3001\u5408\u898f\u7684\u9014\u5f91\u3002<\/p>\n<p>2024 \u5e74\uff0c\u5168\u7403\u5834\u5916\u52a0\u5bc6\u8ca8\u5e63\u4ea4\u6613\u91cf\u540c\u6bd4\u6fc0\u589e 106%\uff0c\u5176\u4e2d\u7a69\u5b9a\u5e63\u4ea4\u6613\u91cf\u589e\u9577 147%\u3002Quidax \u548c Busha \u7b49\u975e\u6d32\u5e73\u53f0\u5229\u7528\u9019\u7a2e\u6a21\u5f0f\u5be6\u73fe\u4e86\u9ad8\u6548\u7684\u5927\u898f\u6a21\u4ea4\u6613\u3002\u9019\u4e9b\u670d\u52d9\u53ef\u8b93\u4f01\u696d\u4ee5\u6700\u5c0f\u7684\u5e02\u5834\u5f71\u97ff\u6eff\u8db3\u6d41\u52d5\u6027\u9700\u6c42\uff0c\u5be6\u73fe\u5373\u6642\u6cd5\u5e63\u7d50\u7b97\uff0c\u4e26\u5728\u5c3c\u65e5\u5229\u4e9e\u3001\u5357\u975e\u548c\u57c3\u585e\u4fc4\u6bd4\u4e9e\u7b49\u9ad8\u6210\u9577\u5e02\u5834\u9032\u884c\u7c21\u5316\u7684\u5408\u898f\u5b58\u53d6\u3002<\/p>\n<p>\u975e\u6d32\u7684\u52a0\u5bc6\u9818\u57df\u6b63\u7d93\u6b77\u5feb\u901f\u8f49\u578b\u3002\u975e\u6d32\u5e74\u9f61\u4e2d\u4f4d\u6578\u50c5\u70ba 19.2 \u6b72\uff0c\u8d85\u904e 60% \u7684\u4eba\u53e3\u6c92\u6709\u9280\u884c\u670d\u52d9\uff0c\u9019\u70ba\u6578\u4f4d\u91d1\u878d\u89e3\u6c7a\u65b9\u6848\u63d0\u4f9b\u4e86\u7368\u7279\u7684\u4eba\u53e3\u548c\u7d93\u6fdf\u52d5\u529b\u3002\u52a0\u5bc6\u8ca8\u5e63\u5df2\u5f9e\u96f6\u552e\u6295\u6a5f\u6f14\u8b8a\u70ba\u5be6\u969b\u7528\u9014\uff0c\u7279\u5225\u662f\u5728\u8de8\u5883\u652f\u4ed8\u548c\u5c0d\u6c96\u901a\u8ca8\u81a8\u8139\u65b9\u9762\u3002<\/p>\n<p>\u53bb\u5e74\uff0c\u5c3c\u65e5\u5229\u4e9e\u8655\u7406\u7684\u52a0\u5bc6\u8ca8\u5e63\u50f9\u503c\u7d04\u70ba $59 \u5104\u7f8e\u5143\uff0c\u5728\u5168\u7403\u6392\u540d\u7b2c\u4e8c\uff0c\u50c5\u6b21\u65bc\u5370\u5ea6\u3002\u5357\u975e\u548c\u80af\u5c3c\u4e9e\u4e5f\u5728\u79fb\u52d5\u9322\u5305\u6574\u5408\u548c\u76f8\u5c0d\u53cb\u597d\u7684\u52a0\u5bc6\u8ca8\u5e63\u653f\u7b56\u7684\u5e6b\u52a9\u4e0b\u5c55\u73fe\u51fa\u5f37\u52c1\u7684\u767c\u5c55\u52e2\u982d\u3002<\/p>\n<p>\u7a69\u5b9a\u5e63\u5df2\u6210\u70ba\u4e3b\u8981\u7684\u7d50\u7b97\u8cc7\u7522\uff0c\u4f54\u6492\u54c8\u62c9\u4ee5\u5357\u975e\u6d32 (SSA) \u6240\u6709\u52a0\u5bc6\u8ca8\u5e63\u4ea4\u6613\u7684 43%\u3002\u5176\u50f9\u683c\u7a69\u5b9a\u3001\u5373\u6642\u7d50\u7b97\u548c\u900f\u660e\u7684\u5be9\u8a08\u8ffd\u8e64\u4f7f\u5176\u5177\u6709\u5f88\u9ad8\u7684\u5438\u5f15\u529b\u3002\u50c5\u5c3c\u65e5\u5229\u4e9e\u5c31\u5438\u6536\u4e86\u6492\u54c8\u62c9\u4ee5\u5357\u975e\u6d32\u8d85\u904e 40% \u7684\u7a69\u5b9a\u5e63\u6d41\u5165\uff0c\u57c3\u585e\u4fc4\u6bd4\u4e9e\u548c\u8d0a\u6bd4\u4e9e\u7684\u5e74\u589e\u9577\u7387\u8d85\u904e 100%\u3002<\/p>\n<p>\u4f01\u696d\u8d8a\u4f86\u8d8a\u591a\u5730\u4f7f\u7528 USDT \u548c USDC \u4f86\u5c0d\u6c96\u5916\u532f\u6ce2\u52d5\u3001\u7c21\u5316\u9032\u53e3\u6d41\u7a0b\u4ee5\u53ca\u52a0\u901f\u8de8\u5883\u7d50\u7b97\u3002\u5728\u5927\u591a\u6578\u975e\u6d32\u5730\u5340\uff0c\u7a69\u5b9a\u5e63\u7684\u4ea4\u6613\u91cf\u76ee\u524d\u5df2\u8d85\u8d8a\u6bd4\u7279\u5e63\u3002<\/p>\n<p>\u5118\u7ba1\u76e3\u7ba1\u65b9\u5f0f\u4ecd\u7136\u8b39\u614e\uff0c\u4f46\u8a31\u591a\u975e\u6d32\u653f\u5e9c\u6b63\u5f9e\u76f4\u63a5\u7981\u6b62\u8f49\u70ba\u7a4d\u6975\u53c3\u8207\u3002\u5c3c\u65e5\u5229\u4e9e\u5728 2024 \u5e74\u7c3d\u767c\u52a0\u5bc6\u8ca8\u5e63\u8a31\u53ef\u8b49\u6a19\u8a8c\u8457\u4e00\u500b\u8f49\u6298\u9ede\uff0c\u91cd\u65b0\u6fc0\u8d77\u4e86\u5546\u696d\u8208\u8da3\u3002\u52a0\u7eb3\u3001\u5357\u975e\u548c\u80af\u5c3c\u4e9a\u4e5f\u5728\u63a8\u8fdb\u4e2d\u592e\u94f6\u884c\u6570\u5b57\u8d27\u5e01 (CBDC) \u9879\u76ee\u548c\u76d1\u7ba1\u6c99\u76d2\uff0c\u4e3a\u5408\u89c4\u63d0\u4f9b\u4e86\u66f4\u6e05\u6670\u7684\u8def\u5f84\u3002\u4f86\u81ea Busha \u548c Xago \u7684\u696d\u754c\u9818\u8896\u4e3b\u5f35\u63a1\u7528\u6df7\u5408\u65b9\u6cd5\uff0c\u5e73\u8861\u5275\u65b0\u3001\u6cbb\u7406\u548c\u98a8\u96aa\u7ba1\u7406\u3002<\/p>\n<p>\u5834\u5916\u4ea4\u6613\u5df2\u7d93\u5728\u591a\u500b\u9818\u57df\u5be6\u73fe\u4e86\u7522\u54c1\u8207\u5e02\u5834\u7684\u5951\u5408\uff1a\u9280\u884c\u548c\u652f\u4ed8\u63d0\u4f9b\u5546\u5c07\u7a69\u5b9a\u8ca8\u5e63\u901a\u9053\u5d4c\u5165\u8cc7\u91d1\u6d41\uff1b\u88fd\u9020\u5546\u548c\u9032\u53e3\u5546\u4f7f\u7528\u5834\u5916\u6389\u671f\u4f86\u907f\u514d\u6ed1\u9ede\u548c\u9280\u884c\u8cbb\u7528\uff1b\u6578\u5b57\u4f01\u696d\u5229\u7528\u52a0\u5bc6\u8ca8\u5e63\u901a\u9053\u4f86\u5be6\u73fe\u5feb\u901f\u7528\u6236\u4e0a\u7dda\u548c\u5373\u6642\u7d50\u7b97\u3002Quidax \u5728\u5357\u975e\u862d\u7279 (ZAR) \u548c\u57c3\u585e\u4fc4\u6bd4\u4e9e\u6bd4\u723e (ETB) \u6e20\u9053\u7684\u64f4\u5c55\u986f\u793a\u4e86\u9019\u4e00\u9818\u57df\u7684\u767c\u5c55\u52e2\u982d\uff0c\u800c Kotani Pay \u7b49\u57fa\u790e\u8a2d\u65bd\u63d0\u4f9b\u5546\u5247\u5c07\u57fa\u65bc API \u7684\u7a69\u5b9a\u5e63\u5230\u6cd5\u5e63\u7684\u8f49\u63db\u76f4\u63a5\u6574\u5408\u5230\u79fb\u52d5\u9322\u5305\u751f\u614b\u7cfb\u7d71\u4e2d\u3002<\/p>\n<p>\u76e3\u7ba1\u7acb\u5834\u6b63\u5728\u5f9e\u5168\u9762\u7981\u6b62\u904e\u6e21\u5230\u8a31\u53ef\u8b49\u548c\u6c99\u76d2\u6846\u67b6\u30022024 \u5e74\uff0c\u5c3c\u65e5\u5229\u4e9e SEC \u5411\u591a\u5bb6\u865b\u64ec\u8cc7\u7522\u670d\u52d9\u63d0\u4f9b\u5546 (VASP) \u767c\u51fa\u71df\u904b\u8a31\u53ef\u8b49\uff0c\u800c\u5357\u975e FSCA \u5247\u767c\u51fa\u4e86\u6578\u5341\u5f35\u52a0\u5bc6\u8cc7\u7522\u8a31\u53ef\u8b49\u3002\u7136\u800c\uff0c\u8d85\u904e 15 \u500b\u975e\u6d32\u570b\u5bb6\u7684\u4e0d\u540c\u76e3\u7ba1\u6846\u67b6\u70ba\u8de8\u5340\u57df\u73a9\u5bb6\u5e36\u4f86\u4e86\u5408\u898f\u7684\u8907\u96dc\u6027\u3002<\/p>\n<p>\u5c55\u671b\u672a\u4f86\uff0c\u53ef\u7a0b\u5f0f\u5316\u7684\u7a69\u5b9a\u5e63\u901a\u9053\u548c API \u9a45\u52d5\u7684\u5834\u5916\u4ea4\u6613\u5e73\u53f0\u5c07\u6210\u70ba\u96b1\u5f62\u57fa\u790e\u8a2d\u65bd\uff0c\u4e26\u6574\u5408\u5230\u4f01\u696d ERP \u548c\u91d1\u878d\u79d1\u6280\u61c9\u7528\u7a0b\u5f0f\u4e2d\u3002\u8207\u975e\u6d32\u5927\u9678\u81ea\u7531\u8cbf\u6613\u5340 (AfCFTA) \u7b49\u6846\u67b6\u4e00\u8d77\uff0c\u5b83\u5011\u5c07\u6210\u70ba\u8de8\u975e\u6d32\u8cbf\u6613\u7684\u57fa\u790e\u3002\u897f\u975e\u548c\u6771\u975e\u7684\u6a5f\u69cb\u52a0\u5bc6\u8cc7\u7522\u5132\u5099\u548c CBDC \u8a66\u9ede\u5c07\u9032\u4e00\u6b65\u6a21\u7cca\u6cd5\u5e63\u548c\u52a0\u5bc6\u8ca8\u5e63\u7d50\u7b97\u4e4b\u9593\u7684\u754c\u9650\uff0c\u70ba\u975e\u6d32\u5927\u9678\u958b\u555f\u4e00\u500b\u5168\u5929\u5019\u3001\u7f8e\u5143\u7b49\u503c\u6d41\u52d5\u6027\u7684\u65b0\u6642\u4ee3\u3002<\/p>","protected":false},"excerpt":{"rendered":"<p>The complex financial environment in many African nations\u2014characterized by banking limitations, currency volatility, and regulatory uncertainty\u2014has long presented significant challenges for foreign enterprises seeking market entry. These barriers not only hinder daily operations but also deter potential investment. In response, blockchain-based crypto payment channels are increasingly being adopted as a critical alternative. As explored in [&hellip;]<\/p>","protected":false},"author":1,"featured_media":3852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-3853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insight"],"_links":{"self":[{"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/posts\/3853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/comments?post=3853"}],"version-history":[{"count":0,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/posts\/3853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/media\/3852"}],"wp:attachment":[{"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/media?parent=3853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/categories?post=3853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/tags?post=3853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}