Startups to win $10,000 at Stablecoin Summit

To promote business development and innovation, the Africa Stablecoin Network, organisers of the inaugural Nigeria Stablecoin Summit, stated that outstanding startups and undergraduates would receive grants of up to $10,000 at the event in Lagos. The conference, scheduled for Thursday, July 24, 2025 in Lagos, has been highlighted as the first of its kind in […]

To promote business development and innovation, the Africa Stablecoin Network, organisers of the inaugural Nigeria Stablecoin Summit, stated that outstanding startups and undergraduates would receive grants of up to $10,000 at the event in Lagos.

The conference, scheduled for Thursday, July 24, 2025 in Lagos, has been highlighted as the first of its kind in Africa. It is set to bring together policymakers, stablecoin innovators, and various stakeholders to discuss the future of borderless digital payments on the continent.

The summit’s organisers explained that startups attending the event would have the opportunity to participate in a pitch competition, where winners would receive up to $10,000 in cash and other prizes. They also noted that undergraduates with an interest in the tech and digital finance ecosystem are invited to submit their write-ups for an essay competition, which would award 1st, 2nd, and 3rd places to the best entries.

During the conference, policymakers, stablecoin issuers, exchanges, payment gateways, regulators, developers, and ecosystem enablers are all expected to engage in open dialogues to develop frameworks that reflect current realities.

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According to the organisers, Nigeria boasts one of the largest tech talent pools in Africa.

Nathaniel Luz, President of the Africa Stablecoin Network and Convener of the Nigeria Stablecoin Summit, stated that there is a need for coordinated efforts and collaborations between the government and fintechs to unlock the full potential of stablecoins in Nigeria. He added that policymakers and stablecoin innovators would need to engage in open dialogue to develop frameworks that reflect current realities.

Luz explained that the summit’s theme, “Enhancing Adoption for a Borderless Digital Economy,” speaks to Nigeria’s need for a more integrated and seamless borderless payment ecosystem.