Africa · Eastern
Key Facts
—The partnership. LemFi will route cross-border settlement through BVNK’s regulated stablecoin infrastructure, bypassing traditional correspondent banking networks.
—The cost difference. Stablecoin-powered transfers can cost 2–3 percent, compared with roughly 6.5 percent for traditional money transfer operators on the Kenya corridor.
—The Tether connection. The deal operationalises a strategy that began with Tether’s undisclosed investment in LemFi in May 2026, positioning USDT as a core settlement asset.
