Anzens Partners with Credit Bank to Bring USDA into a licensed commercial bank's cross-border settlement services.
New in Kenya: Anzens, Credit Bank, and Yeshara Tokens are aligning to bring USDA, a regulated, dollar-backed stablecoin, into a licensed commercial bank's cross-border settlement services.
The proposed model lets Credit Bank customers convert fiat into USDA and back through existing accounts, with flat cross-border settlement to anywhere in the world, and the bank acting as custodian of both KES and USD.
And the fees? Practically unbeatable.
At a flat 1.5%, that's a fraction of what businesses pay today. Cross-border fees into and out of Kenya routinely run four to five times higher through traditional correspondent banking.
This is the kind of structure the region has been waiting for. Regulated stablecoin infrastructure, compliant fiat access, and secure wallet rails built into the institutions businesses already use.
A pilot for USDA mint and distribution will follow, pending regulatory approvals.
https://ibsintelligence.com/ibsi-news/anzens-credit-bank-partner-up-for-stablecoin-settlement/