Credit Bank is exploring a partnership with fintech company Anzens to integrate a regulated, dollar-backed stablecoin, USDA, into its banking services for cross-border payments.

• The initiative aims to reduce cross-border payment fees to a flat 1.5%, significantly lower than traditional methods.
• Key organizations involved include Credit Bank and Anzens, with regulatory engagement planned with the Central Bank of Kenya.
• The stablecoin, USDA, would function as embedded settlement infrastructure, allowing direct conversion from fiat currency within bank accounts.