
Liquidity
and Limits
Stablecoins in Africa’s cross-border payment system
Access to automated foreign exchange infrastructure remains a major friction point for cross-border payments in Africa. This report examines how stablecoins can help, offering a market-by-market regulatory breakdown, key infrastructure layers, five mapped operating models, and insights from active industry operators.

What the report covers
Access is the constraint
Why access to FX liquidity and infrastructure remains a fundamental challenge for cross-border payments in Africa.
Remittances are the pressure point
Why access to FX liquidity and infrastructure remains a fundamental challenge for cross-border payments in Africa.
Regulation, market by market
What regulators currently permit, where the rules differ, and what that means for businesses operating across African markets.
Five operating models mapped
How stablecoin-enabled cross-border payment flows work across five operating models.
Where stablecoins fit
What stablecoins can improve in the payment space, and where factors like last-mile distribution, reconciliation, dispute resolution, local regulatory relationships, and the access constraint come into play.
Pullout quote
Moving money within Africa is an even bigger problem that moving money to the West or East.Dickson Nsofor,CEO, Kora
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