Benjamin Anderson Calls for A Natural Resource Backed and Interoperable Stablecoins at Africa Fintech Summit 2025

The 2025 Africa Fintech Summit, held from October 8 to 10 at the Accra International Conference Centre, brought together policymakers, investors and technology leaders to explore how financial innovation can shape Africa’s economic future. One of the key voices at the event was Benjamin Anderson, Chief Executive Officer of Mybitstore, who shared his thoughts on how stablecoins could transform the continent’s digital economy.

Anderson said that stablecoins have great potential to make cross-border payments faster and more affordable, but only if they are backed by real assets and designed to work across different financial networks.

“Stablecoins are good for Africa,” he said. “But they must be backed by a natural resource and interoperable. Without that, we risk recreating the same fragmented financial systems we are trying to solve.”

He explained that when digital currencies are supported by a tangible resource or reserve, they are more likely to build public trust and maintain value over time. However, he added that backing alone is not enough. Interoperability across blockchain networks and jurisdictions will determine whether stablecoins can truly support Africa’s financial inclusion goals.

“Interoperability is crucial for solving Africa’s crypto liquidity challenges,” Anderson noted. “It allows seamless communication and asset transfer between networks, creating a unified market for digital finance.”

His comments reflected a broader theme at the summit: Africa’s fintech progress depends on collaboration, trust and strong digital infrastructure. As stablecoins continue to attract attention from both regulators and innovators, Anderson’s message served as a reminder that technology alone will not drive change; sound design and regional cooperation will.