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Tether has partnered with Kenyan fintech company HoneyCoin to improve access to digital assets across Africa. The partnership aims to integrate USDT into HoneyCoin’s platform to enable everyday payments in unstable economies.
The aim is to help underserved communities by reducing fees and enabling instant settlements through blockchain technology. With the value of blockchain transactions in Africa rising by 52% to over $205 billion, the partnership could significantly boost stablecoin adoption across the continent.
The main goal of the Tether and HoneyCoin partnership is to make stablecoin use easier for remittances, B2B payments, and daily transactions in African markets affected by high inflation. By integrating USDT into HoneyCoin’s technology, users can easily convert their local currencies, such as the Kenyan Shilling, into digital dollars.
The collaboration addresses issues such as currency instability, high remittance fees, and limited banking access in Sub-Saharan Africa. The partnership will focus on creating a cashless point-of-sale (POS) system that enables merchants to accept stablecoins via QR codes and to facilitate real-time currency exchange.
Tether’s CEO, Paolo Ardoino, emphasized that financial inclusion and global connectivity are important for users in Africa.
“Our mission is to ensure true financial inclusion for everyone. We want individuals anywhere to participate freely in the global digital economy without restrictions, and we are excited to work with innovative companies like HoneyCoin to make this a reality,” he said.
HoneyCoin was founded in 2020 to connect blockchain with conventional finance. The company has raised almost $5–6 million across rounds. This includes $4.9 million seed in August 2025 from investors such as Flourish Ventures, Visa Ventures, and the Stellar Development Foundation.
David Makuku Nandwa, the company’s CEO, explained that using mobile money with stablecoins helps businesses maintain stable currency and makes transactions easier. He highlighted the importance of the setup, saying:
“This collaboration marks a pivotal moment not just for HoneyCoin, but for the future of payments in Africa.”
HoneyCoin has formed partnerships with Binance, MoneyGram, and UBA Bank, enhancing its stablecoin payment capabilities. Meanwhile, Tether continues to invest in Africa by supporting bitcoin mining and payment solutions, showing its commitment to growth in the region.
The post Tether Expands to Africa Following Partnership With HoneyCoin appeared first on CoinTab News.
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