Kenya embraces stablecoins for faster global trade
NAIROBI, Kenya, Oct 13 - As Kenya continues to position itself as one of Africa’s leading innovation hubs, experts say the adoption of digital currencies, Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya is rapidly adopting stablecoins, digital currencies backed by real-world assets, to revolutionize cross-border trade and payments. This shift offers businesses and individuals faster, cheaper, and more accessible transaction methods compared to traditional banking systems.
- Over 350,000 users in Kenya currently utilize platforms like Yellow Card for digital asset transactions.
- Sharon Tum, East Africa Regional Manager at Yellow Card, highlights stablecoins like USDC and USDT for their stability and efficiency.
- The upcoming Virtual Assets Bill, 2025 aims to regulate Kenya's expanding digital asset industry, with platforms like Yellow Card contributing to its drafting.
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Kenya Explores New International Trade Avenues Through Stablecoins, Partnerships, and Halal Business - October 2025
Kenya is pursuing several initiatives to enhance its global trade and economic standing. The country is rapidly adopting stablecoins, which are digital currencies backed by real-world assets, to revolutionize cross-border payments by providing faster and cheaper transaction methods. In parallel, the Second Sharia Compliance and Halal Business Expo 2025 concluded in Nairobi, advocating for increased Sharia-compliant trade in sectors like SMEs, tourism, and real estate. To foster policy debate, local think-tank Mentoria Economics Ltd has launched a fireside chat series to discuss Kenya's economic partnerships. The inaugural event is themed “Indo–Kenya Economic Imperatives,” aiming to explore the advantages of economic ties with India.
