African leaders, fintech experts, and regulators convened in Johannesburg for the Africa Stablecoin Summit 2025 to discuss leveraging digital money, specifically stablecoins, to revolutionize cross-border payments across the continent.

• Stablecoins already constitute 43% of cryptocurrency transaction volume in Sub-Saharan Africa, with Nigeria alone recording nearly $22 billion in transactions between July 2023 and June 2024.
• Delegates included representatives from the governments and central banks of Kenya, Ghana, Nigeria, Uganda, Zambia, and South Africa, alongside participants from the United Nations, Pan-African Payment and Settlement System (PAPSS), and the International Monetary Fund (IMF).
• Larry Cooke, Africa head of legal at Binance, emphasized that "Stablecoins are more than a technological innovation—they are a pathway to inclusive cross-border financial systems that can empower businesses and individuals across Africa."