{"id":101270,"date":"2025-11-13T19:17:06","date_gmt":"2025-11-13T16:17:06","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/lifestyle\/?p=101270"},"modified":"2025-11-13T19:17:12","modified_gmt":"2025-11-13T16:17:12","slug":"africa-stablecoin-summit-2025-showcases-the-future-of-digital-money-in-africa-powered-by-binance-supported-by-tether-visa-and-telcoin","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/lifestyle\/2025\/11\/13\/africa-stablecoin-summit-2025-showcases-the-future-of-digital-money-in-africa-powered-by-binance-supported-by-tether-visa-and-telcoin\/","title":{"rendered":"Africa Stablecoin Summit 2025 Showcases the Future of Digital Money in Africa Powered by Binance | Supported by Tether, VISA, and Telcoin"},"content":{"rendered":"\n

The inaugural edition of the Africa Stablecoin Summit 2025, powered by Binance, the world\u2019s largest cryptocurrency exchange by trading volume and registered users, and supported by\u00a0Tether,\u00a0the largest company in the digital asset industry, VISA, and Telcoin, successfully brought together more than 300 high-level leaders from across Africa and beyond to explore how stablecoins can strengthen the continent\u2019s financial systems, trade, and economic resilience.<\/strong><\/p>\n\n\n\n

The two-day summit, themed \u201cHarnessing Stablecoins for Africa\u2019s Economic Resilience,\u201d convened central banks, regulators, commercial banks, fintech innovators, stablecoin issuers, development partners, and blockchain infrastructure firms. Attendees included representatives from the governments and central banks of Kenya, Ghana, Nigeria, Uganda, Zambia, and South Africa, alongside delegates from the United Nations, Pan-African Payment and Settlement System (PAPSS), the International Monetary Fund (IMF), and other leading ecosystem stakeholders.<\/p>\n\n\n

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Inset: Larry Cooke- Africa Head of Legal, Binance<\/em><\/p>\n\n\n\n

Recent data underscores the fast-growing role of stablecoins in Africa\u2019s digital economy. Stablecoins accounted for 43% of crypto transaction volume in Sub-Saharan Africa in 2024, according to an industry report by Yellow Card, with Nigeria; the continent\u2019s largest stablecoin market, recording nearly USD 22 billion in transactions between July 2023 and June 2024. A blog by the Center for Global Development further notes that stablecoins already represent about 6.7% of GDP in Africa and the Middle East in terms of international stablecoin flows in 2024.<\/p>\n\n\n\n

With over USD 300 billion in stablecoin transactions estimated to be flowing through African markets annually, the summit spotlighted their transformative potential in addressing currency volatility, fragmented payment systems, and high remittance costs.<\/p>\n\n\n\n

The agenda featured keynotes from global and African financial leaders, including Larry Cooke (Africa Head of Legal, Binance), who officially opened the summit, alongside Saruni Maina, (Regional Operations Lead – Africa), Shahebaz Khan (Senior Vice President, Head of Commercial and Money Movement Solutions, VISA CEMEA), and Hon. Kimani Kuria (Chairperson, Finance and National Planning Committee, Kenya National Assembly)<\/p>\n\n\n\n

Sessions covered regulation, interoperability, infrastructure, and real-world adoption across fintech and enterprise.<\/p>\n\n\n\n

Key highlights included:<\/p>\n\n\n\n