Everyday payments through HesabPay quietly drive large-scale Algorand usage across Afghanistan’s utilities ecosystem.
HAFN stablecoin surpassed 122M market value while processing nearly 1B on-chain volume last year.
HesabPay has become one of Afghanistan’s leading digital payment applications. It currently supports over 30 percent of all electricity bill payments in the country through Algorand. This shows that blockchain infrastructure is quietly playing a central role in Afghanistan’s payment system, while users do not need to understand or directly interact with the underlying technology.
The Afghani-denominated stablecoin, HAFN, issued solely by HesabPay on Algorand, has reached a market value of more than $122 million. It has more than 78,000 on-chain holders. In the past year alone, nearly $1 billion worth of transactions using HAFN were recorded on Algorand.
HesabPay originally started as a response to a humanitarian crisis, offering an interoperable payment solution f
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