Kenya Ranks Fifth in Crypto Use

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Kenya ranked fifth globally in cryptocurrency transaction volumes, driven by widespread use of stablecoins for remittances, retail payments, and cross-border transfers. A 2025 report by crypto exchange Bybit shows stablecoins such as USDT and USDC dominate activity, supported by Kenya’s strong mobile money ecosystem. Analysts say high peer-to-peer usage and growing on-chain transactions position Kenya as a leading hub for digital payments, although regulatory clarity remains a key factor for further technological adoption.