Coinbase Global (NASDAQ:COIN) is partnering with African stablecoin exchange Yellow Card to expand into Africa, starting with 20 countries from February 2024. The partnership will allow over 50% of the African population to access USDC purchases through the Coinbase wallet app, with fee-free stablecoin transfers via email and social messaging apps. Coinbase's Layer-2 blockchain Base will enable cheaper USDC transactions. This move is part of Coinbase's international expansion strategy, targeting Africa's young population. Yellow Card has previously raised funds through seed and Series A and B rounds. The market sentiment is positive with a historic Spot Bitcoin ETF approval, leading Wedbush to raise its price target on Coinbase to $180. Mizuho Securities, however, calls the approval a 'pyrrhic victory for COIN.' Coinbase is also acquiring a MiFID-licensed entity to expand in the EU, with the deal expected to close in 2024.