Kenya is rapidly becoming Africa's leading market for stablecoins, a surge attributed to inflationary pressures, currency volatility, and its robust mobile money infrastructure like M-Pesa.

• Stablecoins accounted for 43 percent of total crypto transaction volumes in sub-Saharan Africa in 2024.
• According to Peter Mwangi, Country Manager for Yellow Card in Kenya, a tech-savvy youth population is utilizing stablecoins for cheaper remittances and protection against currency swings.
• The Finance Act, 2025 repealed the three percent Digital Asset Tax, replacing it with a 10 percent excise duty on fees charged by virtual asset providers, effective July 2025.