9 December 2025 – Tether, the most important firm within the digital asset trade, and HoneyCoin, one of many fastest-growing African fintech platforms on a mission to construct the working system for cash motion in frontier markets, are saying a strategic collaboration geared toward accelerating entry to digital property throughout Africa.
HoneyCoin supplies progressive options for cost-effective storage, switch, and alternate of worth globally. By leveraging blockchain know-how and conventional monetary infrastructure, the corporate is addressing long-standing challenges in cross-border transactions, resembling excessive prices, delays, and inefficiencies.
As a part of this collaboration, HoneyCoin will launch a cashless point-of-sale (POS) platform with USD₮ funds, enabling retailers to simply accept stablecoins instantly at checkout. This growth expands fee choices for buyers whereas serving to retailers enhance gross sales and buyer comfort. Moreover, HoneyCoin will combine USD₮ into its rising ecosystem, enabling retailers to make on-line and in-person funds throughout Africa and globally at decrease prices, thereby facilitating commerce and funds.
In lots of African economies, forex volatility, inflation, and restricted entry to banking are each day realities. Stablecoins provide a strong different to this problem. This collaboration may also introduce in-store stablecoin funds throughout Kenya, enabling retailers to conduct worldwide transactions with value certainty and little friction whereas leveraging dollar-backed digital property.
By integrating USD₮ into on a regular basis commerce, retailers can protect worth, obtain quicker settlement, and considerably scale back transaction charges, shielding financial savings from forex devaluation and inflation. The initiative may also develop sturdy infrastructure for QR code funds, real-time FX conversion from Kenyan Shillings (KES) to USD₮, and service provider dashboards on the platform, additional advancing the usage of digital property in Africa’s evolving fee ecosystem.
Cryptocurrency utilization patterns in Africa reveal widespread adoption and a quickly rising function in on a regular basis monetary exercise. Between July 2024 and June 2025, the area acquired over $205 billion in on-chain worth, up roughly 52% from the earlier yr, making it the third fastest-growing area on this planet. Crypto utilization traits in Sub-Saharan Africa are intently linked with the area’s ongoing monetary inclusion challenges. Regardless of vital progress lately, many adults in Sub-Saharan Africa stay unbanked or underbanked, creating fertile floor for different monetary applied sciences resembling cryptocurrencies.
“With the quickly rising digital property ecosystem in Sub-Saharan Africa, it’s clear that extra persons are gravitating towards different monetary options to facilitate straightforward cross-border transactions and entry to international forex with out the complexities of proudly owning or sustaining a international checking account. Our mission is to make sure true monetary inclusion for everybody. We would like people anyplace to take part freely within the international digital economic system with out restrictions, and we’re excited to work with progressive firms like HoneyCoin to make this a actuality,” mentioned Paolo Ardoino, CEO of Tether.
“This collaboration marks a pivotal second not only for HoneyCoin, however for the way forward for funds in Africa,” mentioned David Makuku Nandwa, CEO of HoneyCoin. “Our work at HoneyCoin facilities on fixing two elementary challenges: ensuring companies can settle for each type of fee their clients need to use, and offering them with subtle instruments to strengthen and scale their monetary operations,” mentioned David Makuku Nandwa. “We’re bringing the identical simplicity that cell cash provides to stablecoin acceptance, whereas giving African entrepreneurs entry to the forex stability and international connectivity that digital {dollars} allow.”
Tether has beforehand supported tasks throughout Africa that handle real-world issues and make international finance accessible to everybody. This consists of investing in Kotani Pay to revolutionize Africa’s Digital Asset Infrastructure and Cross-Border Funds, signing an MoU with Zanzibar eGovernment Authority (eGAZ), and signing an MoU to Advance Digital Asset Schooling and Blockchain Adoption, and investing in Shiga Digital to Strengthen Africa’s On-Chain Monetary Ecosystem, additional solidifying Tether’s place as a world chief in selling monetary freedom.
