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Africa Crypto News Week in Review: Tether Invests In Kotani Pay, Nigeria Central Bank Embraces Stablecoins, Nvidia Top Stock On Luno
Yahoo Finance·2025-10-26 09:00

Group 1: Investment and Strategic Moves - Tether has made a strategic investment in Kenyan crypto startup Kotani Pay to promote financial inclusion and expand its reach in Africa [1][3][4] - Tether CEO Paolo Ardoino emphasized the importance of blockchain technology in unlocking financial freedom and supporting Kotani Pay's vision for a more inclusive financial future [4][5] Group 2: Regulatory Developments - Nigeria's central bank is forming a working group to explore a framework for stablecoins, indicating a significant regulatory shift in the country's approach to cryptocurrency [6][7] - The central bank's collaboration with the Ministry of Finance marks a potential turning point in Nigeria's historically complex relationship with the crypto sector [6][7] Group 3: Market Trends - Preliminary data indicates that Nvidia is the most popular stock on Luno Exchange's tokenized stock options, reflecting a growing interest in tokenized stocks among African investors [2]