Africa Crypto Announcement Weekly Recap: Tether Backs Kotani Pay, Nigeria’s Central Bank Welcomes Stablecoins, Nvidia Leads Stocks On Luno

This week in African crypto update, Kenyan startup Kotani Pay has obtained a significant investment from Tether. The USDT provider is relying on Kotani’s commitment to financial inclusion to extend its presence in the area.

Meanwhile, in Nigeria, the central bank is forming a working group to embrace stablecoins. This initiative arises as regulators in Africa’s largest economy devise a series of measures to better regulate platforms and issuers, facilitating broader access to some of the best cryptocurrencies to purchase.

Additionally, current data across Africa indicates that Nvidia is the top choice for investors on Luno Exchange’s tokenized stock offerings. More African investors are turning to alternatives, particularly the rapidly expanding tokenized stocks available on Nasdaq.

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Let’s examine these stories making headlines across the continent this week:

Kenya Crypto Update: Tether Backs Kotani Pay

Tether, the issuer of the leading USD stablecoin by market capitalization, is making a strategic investment in the increasingly well-regarded startup Kotani Pay within the regional crypto ecosystem. The international crypto firm seeks to enhance financial inclusion while enabling Kotani Pay’s substantial growth throughout the continent. 

Tether CEO Paolo Ardoino elaborated on the reasoning behind the investment, stating: 

“At Tether, we are convinced that distributed record technology is essential in unlocking financial freedom… Kotani Pay’s mission and strong regional footprint make it a fitting partner to advance our common objectives in Africa and beyond. We aspire to empower businesses and individuals to utilize digital assets for their global operations, minimize barriers in cross-border transactions, and foster a more inclusive financial future while advocating responsible use of digital assets.”

Kotani Pay offers essential infrastructure that links blockchain users to local payment channels throughout the continent.

Resolving payments across Africa, one stablecoin at a time.

Why is this happening? Stablecoins address the issues of payment fragmentation while being more affordable, convenient, and accessible round the clock.

With mobile money in and card payments in , stablecoins enable free movement of money. pic.twitter.com/vtoyqxot4M

— Kotani Pay (@kotanipay) September 19, 2025

This service guarantees that crypto can be used even in the most remote locations and through various payment systems. Such widespread accessibility enhances financial inclusion, which informs Tether’s investment price floor. 

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Nigeria Crypto Update: Central Bank Establishes Stablecoin Working Group

The Governor of Nigeria’s central bank, Olayemi Cardoso, has declared that together with the Ministry of Finance, the regulator is forming a working group to develop a framework concerning stablecoins in Nigeria. 

This development could mark a pivotal moment for the nation, following a tumultuous relationship with the sector over recent years. 

The Naira is among the most unstable currencies globally, especially in terms of GDP size. However, this step will be intriguing for several reasons. A key consideration is what asset the working group will decide to anchor the new stablecoin on.

According to data from @artemis and P2P Army, stablecoin usage is rapidly increasing in non-USD markets.

Nigeria is on track to surpass CNY in P2P transaction volume.

Growth is observable in nearly every country. Stablecoins are becoming increasingly widespread globally. pic.twitter.com/NmX7N2wod0

— Tamar 天马 (@tamarincrypto) September 10, 2025

Regardless, digital currency enthusiasts in Nigeria are likely to embrace this update as a sign of regulators adopting crypto positively.

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South Africa Crypto Update: Nvidia Dominates Luno’s Tokenized Stocks 

Information from Luno exchange regarding its tokenized U.S. stocks indicates that major tech stocks are the favorites among South Africans. This product, launched in August, is showing strong performance. 

1/6 Tokenised stocks introduced in SA!
Crypto platforms Luno and VALR have launched ‘xStocks’, empowering South Africans to buy into U.S. equities—like Tesla and Nvidia—without exceeding their foreign allocations.

— Alex Fugazi (@AlexFugazi) August 26, 2025

Christo De Wit, Luno’s country manager for South Africa, explained the investor engagement as follows: 

“So far, 19,000 South African users have engaged with xStocks, with Nvidia (NVDAx) emerging as the clear favorite, as over 3,000 users are currently holding this stock. Other gaining momentum choices include Meta (METAx), the S&P 500 ETF (SPYx), and Apple (AAPLx).”

These stocks are among the most favored globally. Luno continues to monitor activity as it evaluates the success of this offering both in South Africa and beyond.

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The post Africa Crypto Announcement Week in Review: Tether Backs Kotani Pay, Nigeria Central Bank Supports Stablecoins, Nvidia Leading Stock on Luno appeared first on 99Bitcoins.