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A more stable, Africa-first stablecoin

✔ Basket-pegged to major reserve currencies

✔ Fully backed by reserves for trust & transparency

✔ Instant, low-cost cross-border payments

Join waitlist How Africoin works
Africa continent contour with basket containing Euro, Dollar, and Yuan currency symbols

Problems in African Economy

Currency volatility icon

High Currency Volatility

13 of 54 African countries had double-digit inflation in 2024

Currency volatility erodes purchasing power and creates business uncertainty

Cross-border payments icon

Costly Cross-border Payments

8.37% average remittance fee vs. the United Nations's 3% target

10-30% trade payment overhead with correspondent banking

$1T+ by 2035 in Africa cross-border payments

Fragmented infrastructure icon

Fragmented Financial Infrastructure

$2.8T GDP, 1.4B people, but only 16% of trade that is intra-African

54 countries with inconsistent regulatory environments

42 different currencies

The Africoin Solution

Three layers: simple for users, flexible for regulators.

✓

Aggregation layer


  • Pegged to a basket of major reserve currencies (USD, EUR, GBP)
  • Used directly in open FX markets
  • Acts as behind-the-scenes settlement layer in restrictive markets

Africoin

Backed by a basket of fiat currencies

$
USD
€
EUR
¥
GBP
✓

Conversion layer


  • Seamless exchange between local units and Africoin
  • Transparent FX

Conversion Layer

Automated settlement & routing

✓

Local units


  • 1:1 to domestic currency
  • Fully backed with onshore reserves
  • Distributed via licensed banks & PSPs

Local Stablecoins

Backed 1:1 with domestic currency reserves

sKES
Kenya
sNGN
Nigeria
sMAD
Morocco

Why It Works

More stable

Basket peg smooths volatility vs. USD-only coins, giving households/SMEs better protection against inflation.

Cheaper & faster

Transactions settle in minutes vs. days and cost <0.5% vs. >8% for some corridors.

Sovereignty‑aligned

Onshore reserves, regulator dashboards, configurable limits and controls.

Deeper liquidity

Consolidated liquidity creates one big pool for market makers and financial institutions, driving lower pricing.

B2B Transaction Use Case

A Moroccan textile exporter pays a supplier in China:

LOCAL DEPOSIT

MAD

  • • Moroccan textile business deposits MAD at their bank or a local PSP.
  • • KYC if business not KYC-ed.

TOKENIZATION

sMAD

  • • Funds are tokenized into sMAD, backed by MAD.
  • • Reserves held onshore in Moroccan banks.

CONVERSION & TRANSFER

AFRICOIN

  • • sMAD → Africoin conversion.
  • • Quotes by licensed bank/Market makers.
  • • Blockchain transfer to Chinese recipient.
¥

LOCAL REDEMPTION

CNY

  • • In China, Africoin is redeemed into USD or CNY through off-ramp partner.

Regulatory Benefits

Protects Sovereignty

  • • Local stablecoins pegged 1:1 to local currencies
  • • Onshore custody

Strengthens FX Reserves

  • • Option to custody basket FX locally
  • • Daily net settlement to reduce outflows

Enhances Regulatory Oversight

  • • Regulators dashboards (supply, flows, counterparties)
  • • Transaction controls

Aligns with AfCFTA Goals

  • • Shared settlement rails + Higher intra-African trade.
  • • Reduce the continent's dependence on US dollar.

Africoin is available where you transact

Wallets
Exchanges
Telcos
Banks/PSPs

FAQs

Is Africoin a single currency or multiple? ▾

Africoin is the regional settlement asset, pegged to a basket of major reserve currencies (USD/EUR/GBP). In some markets, regulated banks/PSPs issue local units (e.g., sKES, sNGN, sMAD) 1:1 with the domestic currency, fully backed by on-shore reserves. Where local units aren't available, users transact in Africoin directly. Settlement still routes through Africoin.

Why a basket peg (USD/EUR/GBP)? ▾

A basket-peg historically reduces volatility vs USD‑only pegs, improving savings stability and regulatory confidence.

How do regulators maintain oversight? ▾

Local unit reserves are ring‑fenced onshore. Supervisors get dashboards showing supply, flows, counterparties and can set limits or freeze addresses as needed.

What will Africoin cost to use? ▾

Target corridor fees are 0.3–0.5% with ~10–20 bps FX spread capture on conversions—well below today's averages for remittances and trade payments.

How is Africoin different from Facebook's Libra initiative? ▾

Africoin is not a "global replacement currency" like Facebook's Libra. Instead, it is designed as a two-layer system that strengthens, rather than undermines, African monetary sovereignty.

  • Local Units: Each participating country can issue a digital unit (e.g., sKES, sNGN, sMAD) backed 1:1 by reserves onshore and distributed through licensed banks, telcos, and mobile wallets. These units preserve national currencies and ensure control remains with local regulators.
  • Africoin Umbrella: Above these, Africoin itself functions as a regional settlement layer, pegged to a basket of reserve currencies (USD, EUR, GBP). This umbrella consolidates liquidity across fragmented corridors, lowers FX costs, and creates a neutral standard for cross-border trade, much like the IMF's SDR, but tailored for Africa.

This model avoids Libra's pitfalls:

  • It respects sovereignty by keeping domestic monetary policy intact.
  • It is Africa-first, governed through regional stakeholders rather than Big Tech.
  • It is incremental, starting with local units and building liquidity into Africoin over time.

✅ In short: Africoin complements existing currencies and enables cheaper, more stable African trade and remittances, without the sovereignty risks that caused Libra to fail.

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