🌍 Africa Stablecoin & Onchain Payments Map 2026
100 fintechs, infrastructure providers, and institutions that see the opportunity clearly.
It's been a year since the last map. So together with
@AfriFintech we spoke to the operators on the ground to get their latest takes on progress.
Three things stood out:
1️⃣ Regulation has made real progress
This is the biggest change. Several markets have moved toward formal recognition, licensing, supervision, and sandboxes.
It's a major step forward but the next challenge is implementation: licensing processes, bank policies, compliance procedures --> the practical details that matter.
2️⃣ Firms are verticalizing as competition moves upmarket
Larger fintechs, banks, and PSPs are engaging more seriously. As the market matures, the scarce assets become licenses, banking access, liquidity depth, compliance credibility, and distribution. Firms are verticalizing to capture better economics.
3️⃣ Local-currency stablecoins as settlement plumbing
USD stablecoins still dominate savings and dollar access, but local-currency stablecoins such as cNGN are showing a different path: onchain settlement infrastructure for collections, payouts, FX, liquidity management, and eventually intra-African settlement.
Full details below. Check out the map and let us know if we've missed anyone.