Stablecoin flows in Africa hit 6.7% of GDP in 2024 – IMF
Only Latin America and the Caribbean (7.7%) surpassed Africa in flows relative to GDP.
Tech
HoneyCoin secures $4.9M in seed funding for stablecoin-focused payment platform
The company announced that the new capital will be used to accelerate HoneyCoin’s scaling plans, expand its product suite, hire senior talent and strengthen compliance and licensing capabilities.
Western Union is working on stablecoin settlement systems in Africa — CEO
The tradFi giant sees stablecoins as an opportunity to innovate rather than as a threat, CEO Devin McGranahan said.
Xend Finance users can now invest in tokenized U.S. assets via Risevest — but regulation limits access across Africa
The partnership will allow Xend Finance’s users earn yields from investments in US stock market options and RWAs through Risevest
Crypto theft soared to all-time high in H1 2025 – Chainalysis
Spurred by the unprecedented hack of global exchange Bybit earlier in the year, crypto crime is on par to eclipse recorded volume.
DR Congo launches blockchain-based platform for diploma verification
The e-Diplôme platform is designed to reduce fraud by helping to verify government-issued diplomas in real-time.
The African blockchain funding scene: More deals, less dollars
Nigeria saw the most deals done, but Seychelles maintained top spot in terms of deal value.