HoneyCoin, an African fintech platform, announces a strategic collaboration with Tether to integrate USDT into its payment ecosystem for merchants across Africa. This enables cheaper, borderless stablecoin payments for online and in-person transactions. The initiative is backed by investors including the Stellar Development Foundation.
HoneyCoin, a fast-growing African fintech building money movement infrastructure for frontier markets, has partnered with Tether to integrate USDT at payment acceptance and gateway levels. This allows merchants to accept stablecoins seamlessly at points of sale, supports in-person payments across Africa, and facilitates international business with price certainty, faster settlements, lower fees, and protection from currency devaluation. CEO David Makuku Nandwa emphasized solving payment acceptance challenges and providing tools for financial scaling. The announcement follows HoneyCoin's $4.9M seed round led by Flourish Ventures, with participation from Stellar Development Foundation, Visa Ventures, and others. HoneyCoin's ecosystem includes its Peer super app, APIs for fintechs, and infrastructure bridging digital and traditional finance, positioning stablecoins as viable for everyday African transactions.
