Crypto payments across Kenya grew 38% year-on-year to hit a record KES 740 billion in the fiscal year ending June 2026, up from KES 505 billion in 2025.
Driven by local importers bypassing foreign exchange bottlenecks and SMEs utilizing fiat-backed stablecoins (USDT/USDC) for cross-border settlements, the shift coincides with the formal compliance deadline for Kenya's newly gazetted Virtual Asset Service Providers (VASP) Regulations, 2026
Driven by local importers bypassing foreign exchange bottlenecks and SMEs utilizing fiat-backed stablecoins (USDT/USDC) for cross-border settlements, the shift coincides with the formal compliance deadline for Kenya's newly gazetted Virtual Asset Service Providers (VASP) Regulations, 2026