SCRYPT Expands Stablecoin Settlement to East Africa

Zurich, 14 July 2026. 

SCRYPT, the operating system for digital assets, has expanded its licensed stablecoin settlement infrastructure across four East African markets. Banks, payment providers and corporate treasury teams can now settle directly from the Kenyan shilling (KES), Tanzanian shilling (TZS), Rwandan franc (RWF) and Ugandan shilling (UGX) into stablecoins, in a single licensed transaction, without first sourcing scarce US dollars.

Why dollar access is the bottleneck in African cross-border payments

In most African markets, the hardest part of a cross-border payment is not the payment itself. It is getting hold of US dollars.

Local currencies can be volatile. Bank dollar liquidity is often constrained and rationed. Correspondent banking remains slow and expensive. The result is a costly workaround that thousands of businesses run every week: convert local currency into dollars, then use those dollars to buy stablecoins, then settle. Every step adds an FX conversion, a spread and a delay, before any actual payment is made.

"Across Africa, stablecoin adoption is driven by economic need, not speculation," said Norman Wooding, Founder and CEO of SCRYPT. "Businesses here are not chasing yield, they are trying to pay suppliers and manage treasury without losing margin to a banking system that rations dollars. Licensed, fair-rate dollar access is the clearest proof of what this infrastructure is for."

What SCRYPT has launched: local currency in, stablecoin out

SCRYPT removes the intermediate dollar step entirely. The new corridors let firms move from local currency to stablecoin settlement in one licensed transaction.

Each corridor runs on the same infrastructure SCRYPT clients already use. There is no separate integration, no new counterparty and no parallel workflow to maintain.

"Until now, reaching stablecoins from local African currencies meant buying scarce dollars and incurring several layers of conversion costs," said Gabriel Titopoulos, Managing Director, Markets and Trading at SCRYPT. "SCRYPT removes this friction. Firms and payment providers can now settle straight from local currencies through live corridors, with local partners."

Who the new corridors are for?

Banks

Banks serving corporate clients with international payment needs can offer faster settlement without building crypto infrastructure in-house. SCRYPT provides the licensed corridor, the liquidity and the operational stack through a single point of access.

Payment providers

PSPs and remittance businesses moving value into and out of East Africa can settle straight from local currency, cutting the conversion layers that erode margin on every transaction.

Corporate treasury teams

Treasurers paying international suppliers from Kenya, Tanzania, Rwanda or Uganda no longer need to queue for rationed bank dollars. Local currency goes in, stablecoins come out, and suppliers are paid the same day rather than after a multi-day correspondent chain.

Stablecoins are becoming settlement infrastructure, not an investment product

The market has moved. Stablecoin activity in Sub-Saharan Africa is dominated by payments, treasury and commerce use cases rather than trading.

That shift changes what matters. For a business settling supplier invoices, the questions are not about yield. They are about rate fairness, settlement speed, counterparty trust and licensing. This expansion is built to answer exactly those questions: live corridors, local partners, fair rates and a licensed Swiss framework behind every transaction.

By extending licensed access across African payment corridors, SCRYPT is helping banks, payment providers and corporate treasury teams move capital more efficiently where it is needed most.

Move value into and out of East Africa without the dollar detour

If your business pays suppliers, settles flows or manages treasury across Kenya, Tanzania, Rwanda or Uganda, the corridors are live now. "Speak to the SCRYPT team" to open a settlement corridor, or see how the full stack fits together.