Tether CEO Paolo Ardoino attributes the growth of USDT stablecoin to its adoption in emerging markets as an alternative to the U.S. dollar, reaching over $109 billion in circulation. Tether aims to serve the unbanked and is expanding into new business areas, including AI.

The Central Bank of Kenya has granted fresh licenses to 19 digital lending services, adding to the 32 that were announced in March 2023.
Officially termed as Digital Credit Providers (DCPs), the move by CBK brings to 51 the total number of services under the regulatory regime. The bank commenced re

Zazuu, a London fintech focused on African remittance, has shut down after raising over $2 million due to insufficient funding, despite exploring all options.

M-PESA offers $55 million in daily credit with a low non-performing loan rate, focusing on customer financial health through purpose-driven debt. It has evolved from addressing money transfer issues to supporting corporate financial solutions and fostering partnerships for future growth.

Mercy Corps Ventures has partnered with Polygon Labs to boost blockchain solutions for underserved communities in emerging markets. The collaboration will focus on funding blockchain pilots, hosting hackathons for education, and providing bootcamp sessions to improve local operations using blockchain technology.

A new research paper released in August 2024 has provided the first comprehensive evaluation of the early effects of macroeconomic indications and subjective well-being of central bank digital currencies (CBDCs) adoption.
Despite considerable excitement about CBDCs, the analysis indicated that