9 December 2025 – Tether, vital company within the digital asset substitute, and HoneyCoin, regarded as one of many quickest-growing African fintech platforms on a mission to assemble the working machine for money circulation in frontier markets, are announcing a strategic collaboration geared against accelerating gain admission to to digital resources across Africa.
HoneyCoin affords innovative solutions for build-efficient storage, transfer, and substitute of build globally. By leveraging blockchain expertise and primitive financial infrastructure, the company is addressing lengthy-standing challenges in negative-border transactions, equivalent to excessive payments, delays, and inefficiencies.
As share of this collaboration, HoneyCoin will open a cashless point-of-sale (POS) platform with USD₮ payments, enabling retailers to settle for stablecoins directly at checkout. This construction expands price choices for customers whereas helping retailers save bigger gross sales and customer comfort. Additionally, HoneyCoin will integrate USD₮ into its growing ecosystem, enabling retailers to save online and in-person payments across Africa and globally at decrease payments, thereby facilitating substitute and payments.
In loads of African economies, currency volatility, inflation, and puny gain admission to to banking are everyday realities. Stablecoins offer a highly efficient different to this position. This collaboration can even introduce in-store stablecoin payments across Kenya, enabling retailers to conduct international transactions with build certainty and dinky friction whereas leveraging buck-backed digital resources.
By integrating USD₮ into everyday commerce, retailers can defend build, attain faster settlement, and significantly nick transaction payments, shielding savings from currency devaluation and inflation. The initiative can even develop sturdy infrastructure for QR code payments, precise-time FX conversion from Kenyan Shillings (KES) to USD₮, and merchant dashboards on the platform, further advancing the expend of digital resources in Africa’s evolving price ecosystem.
Cryptocurrency usage patterns in Africa describe widespread adoption and a all of sudden growing feature in everyday financial job. Between July 2024 and June 2025, the predicament bought over $205 billion in on-chain build, up roughly 52% from the old year, making it the third quickest-growing predicament on this planet. Crypto usage traits in Sub-Saharan Africa are closely linked with the predicament’s ongoing financial inclusion challenges. Despite predominant development lately, many adults in Sub-Saharan Africa remain unbanked or underbanked, growing fertile ground for different financial applied sciences equivalent to cryptocurrencies.
“With the all of sudden growing digital resources ecosystem in Sub-Saharan Africa, it’s sure that more persons are gravitating against different financial solutions to facilitate easy negative-border transactions and gain admission to to foreign places currencies with out the complexities of proudly owning or declaring a foreign places bank legend. Our mission is to substantiate factual financial inclusion for everyone. We favor people wherever to participate freely within the global digital economy with out restrictions, and we are indignant to work with innovative corporations like HoneyCoin to save that a truth,” acknowledged Paolo Ardoino, CEO of Tether.
“This collaboration marks a pivotal 2nd not merely for HoneyCoin, but for the plot ahead for payments in Africa,” acknowledged David Makuku Nandwa, CEO of HoneyCoin. “Our work at HoneyCoin facilities on fixing two elementary challenges: making determined corporations can settle for every save of price their prospects have to expend, and offering them with delicate tools to bolster and scale their financial operations,” acknowledged David Makuku Nandwa. “We’re bringing the identical simplicity that mobile money affords to stablecoin acceptance, whereas giving African entrepreneurs gain admission to to the currency balance and global connectivity that digital bucks enable.”
Tether has beforehand supported projects across Africa that take care of precise-world considerations and save global finance accessible to everyone. This comprises investing in Kotani Pay to revolutionize Africa’s Digital Asset Infrastructure and Unsuitable-Border Funds, signing an MoU with Zanzibar eGovernment Authority (eGAZ), and signing an MoU to Approach Digital Asset Training and Blockchain Adoption, and investing in Shiga Digital to Pork up Africa’s On-Chain Monetary Ecosystem, further solidifying Tether’s predicament as a global chief in promoting financial freedom.
