Core Insights - Kenya is emerging as one of the fastest-growing stablecoin markets in Africa, driven by inflation pressures, currency volatility, and a robust mobile money infrastructure [1] - The report highlights that Kenya, along with Nigeria, South Africa, Ghana, Zambia, Ethiopia, and Uganda, is part of a growing trend of stablecoin adoption in Sub-Saharan Africa [1] - By 2024, stablecoins are projected to account for 43% of the total cryptocurrency trading volume in the region [1] Market Dynamics - Nigeria remains the largest market in Africa for stablecoins, with trading volumes nearing $22 billion from July 2023 to June 2024 [1] - The Kenyan cryptocurrency sector is benefiting from regulatory changes, including the repeal of a 3% digital asset tax under the new 2025 Finance Act, which now imposes a 10% value-added tax on fees charged by virtual asset providers [1]