Overview
- Tether announced the deal on Oct. 21 and said USDT now facilitates transactions for more than 500 million users, alongside a reported $182 billion market cap.
- Nairobi-based Kotani Pay specializes in on- and off-ramps that connect digital assets with mobile-money wallets and local bank transfers.
- CEO Paolo Ardoino framed the partnership as a way to reduce friction and costs for cross-border payments used by enterprises and individuals.
- The company cited Chainalysis research showing Sub-Saharan on-chain transaction volume up 52% to more than $205 billion in the past year.
- Press materials and a short Kenya documentary highlight merchants paying international suppliers and families receiving remittances as inflation and currency instability push demand for stablecoins.