In Africa crypto news this week, the Kenyan crypto startup Kotani Pay has secured a landmark investment from Tether. The USDT issuer is banking on Kotani’s ethos of financial inclusion to boost its reach in the region.
In Nigeria, the central bank is creating a working group to adopt stablecoins. This announcement comes as regulators in Africa’s largest market work on a raft of measures to further regulate platforms and issuers, enabling everyone to get exposure to some of the best cryptos to buy.
Meanwhile, across Africa, preliminary data shows that Nvidia is the most popular stock on Luno Exchange’s tokenized stock options. Increasingly, more investors in Africa are exploring alternatives, banking on fast-growing tokenized stocks offered on Nasdaq.
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Let’s look at these stories making continental headlines this week:
Kenya Crypto News: Tether Invests in Kotani Pay
Tether, the issuer of the largest USD stablecoin by market cap, is making a strategic investment in Kotani Pay, which is an increasingly popular startup in the continental crypto space. The global crypto firm aims to promote financial inclusion and allow Kotani Pay to expand considerably across the continent.
Tether CEO Paolo Ardoino outlined the investment rationale as follows:
“At Tether, we believe that blockchain technology plays a critical role in unlocking financial freedom…Kotani Pay’s vision and strong regional presence make it the right fit to drive our shared goals in Africa and beyond. We aim to empower enterprises and individuals to access digital assets for their global operations, reduce friction in cross-border transactions, and build a more inclusive financial future while promoting the informed use of digital assets.”
Kotani Pay provides on-ramp/off-ramp infrastructure that connects blockchain users to local payment channels on the continent.
Fixing payments across Africa, one stablecoin at a time.
Why the adoption? Beyond being cheaper, convenient, and available 24/7, Stablecoins fix the payment fragmentation.
From mobile money in 🇰🇪 to card payments in 🇿🇦, stablecoins make money move freely. pic.twitter.com/vtoyqxot4M
— Kotani Pay (@kotanipay) September 19, 2025
This service ensures crypto can be used even in the remotest areas and on multiple payment systems. Such broad access improves financial inclusion, informing Tether’s investment backing.
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Nigeria Crypto News: Central Bank forms stablecoin working group
Nigeria’s central bank Governor Olayemi Cardoso has announced that the regulator, in collaboration with the Ministry of Finance, is creating a working group to explore a framework for stablecoins in Nigeria.
This move is potentially a historic moment for the country, following a love-hate relationship with the sector in recent years.
The Naira is one of the most volatile currencies relative to GDP size globally. Still, this move will be fascinating for many reasons. One critical issue to consider is what asset the working group will determine should underpin the stablecoin in question.
According to @artemis + P2P Army data, stablecoin usage is rising fast across non-USD markets.
Nigeria is on pace to flip the CNY in P2P volume.
Nearly every country is showing growth. Stablecoins are increasingly used around the world. pic.twitter.com/NmX7N2wod0
— Tamar 天马 (@tamarincrypto) September 10, 2025
Regardless, crypto enthusiasts in the country will welcome the announcement as a likely indicator of regulators embracing crypto for good.
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South Africa Crypto News: Nvidia Tops Luno’s Tokenized Stocks
Data from Luno exchange on its tokenized U.S. stocks shows that leading tech stocks are the most popular with South Africans. The exchange introduced tokenized stocks in August, and the product is proving successful.
1/6 🇿🇦 Tokenised stocks land in SA!
Crypto platforms Luno and VALR have launched ‘xStocks’, allowing South Africans to buy exposure to U.S. equities—like Tesla and Nvidia—without dipping into their foreign allowances.— Alex Fugazi (@AlexFugazi) August 26, 2025
Christo De Wit, Luno’s country manager for South Africa, broke down the uptake as follows:
“19,000 South African customers have so far invested in xStocks with Nvidia (NVDAx), the clear favourite, with over 3,000 customers currently holding the stock. Meta (METAx), the S&P 500 ETF (SPYx), and Apple (AAPLx) are also popular.”
These assets are some of the most popular stocks globally. Luno continues to track usage as it assesses the success of this product in South Africa and beyond.
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Africa Crypto News: Nigeria Stablecoins, Tether Kotani Pay
- Kenya crypto news: Tether investing in Kotani Pay for adoption
- Nigeria crypto news: Central bank plans to regulate stablecoins
- South Africa News: Nvidia stock taking off on Luno
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