USD stablecoins can undermine African monetary sovereignty — SARB Governor
Lesetja Kganyago says he is unconvinced by the supposed stability of USD-pegged stablecoins and believes their backing can be called into question
South Africa
Flutterwave taps Polygon for stablecoin-powered cross-border payments
While the full rollout is scheduled for 2026, a pilot program of the product feature is expected to run its course before the end of the year.
Nigeria, South Africa and two other African countries exit FATF’s grey list
According the IMF, these countries have lost significant sums of money as a result of being grey listed by the FATF
Ripple to provide digital assets custody services for Absa’s users
The move combines modern digital asset technology with the security and trust of a tradfi institution to provide digital asset custody.
Africa moved $54 billion in stablecoins; now what?
Despite these impressive figures, there is a huge policy vacuum sitting between potential and scale.
Uganda launches CBDC pilot in $5.5 billion tokenization drive
The digital currency is backed by Ugandan treasury bonds and can be accessed via smartphones.
Sub-Saharan Africa now the third-fastest-growing crypto region, Chainalysis
Nigeria led the region with $92.1 billion in value received over the 12-month period, nearly three times that of South Africa.