{"id":521376,"date":"2025-11-28T12:16:27","date_gmt":"2025-11-28T12:16:27","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=1233148"},"modified":"2025-11-28T12:16:27","modified_gmt":"2025-11-28T12:16:27","slug":"hedera-expands-african-footprint-as-nhx-finance-begins-work-on-kenyan-shilling-stablecoin","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/11\/28\/hedera-expands-african-footprint-as-nhx-finance-begins-work-on-kenyan-shilling-stablecoin\/","title":{"rendered":"Hedera Expands African Footprint as NHX Finance Begins Work on Kenyan Shilling Stablecoin"},"content":{"rendered":"<div class=\"eth-editorial-banner\"> <img decoding=\"async\" class=\"eth-editorial-logo\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2025\/11\/cnf2-scaled-1-1-1.png\" alt=\"Crypto News Flash\"> <span class=\"eth-editorial-text\">All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.<\/span> <\/div>\n<ul>\n<li><strong>NHX Finance is developing a 1:1 Kenyan shilling stablecoin on Hedera.<\/strong><\/li>\n<li><strong>The NSE Innovation Lab\u2019s partnership with Hashgraph aims to strengthen Kenya\u2019s market infrastructure.<\/strong><\/li>\n<\/ul>\n<hr>\n<p><span>NHX Finance has emerged as a leading force in Kenya\u2019s evolving digital-asset landscape, having made major progress on a fully backed 1:1 Kenyan shilling stablecoin built on Hedera. The announcement follows a recent <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/hedera-partners-with-nairobi-securities-exchange-to-launch-africas-first-blockchain-innovation-lab\/\" target=\"_blank\" rel=\"noopener\"><span>report<\/span><\/a><span>, which highlighted the Nairobi Securities Exchange\u2019s (NSE) Innovation Lab and its partnership with Hashgraph to drive advanced market infrastructure across the region.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Introducing NHX Finance: During the NSE innovation lab we are working on a 1:1 backed Kenyan Shilling stablecoin on <a href=\"https:\/\/twitter.com\/hedera?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@hedera<\/a>. <a href=\"https:\/\/t.co\/O5aEN73DCr\">https:\/\/t.co\/O5aEN73DCr<\/a><\/p>\n<p>\u2014 nhxfinance (@nhxfinance) <a href=\"https:\/\/twitter.com\/nhxfinance\/status\/1993654891064287710?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 26, 2025<\/a><\/p>\n<\/blockquote>\n<p>According to an X post, during the NSE Innovation Lab sessions, NHX Finance stated that the development of its stablecoin is underway. The goal of the project is to have a reliable, asset-backed digital Kenyan shilling that will provide fast, transparent, and low-cost settlements on local and cross-border payment rails.<\/p>\n<p>Additionally, the adoption of the enterprise-grade distributed ledger platform by Hedera makes the project more attractive to institutions. <a href=\"https:\/\/www.crypto-news-flash.com\/hedera-hbar-explained-2025-technology-tokenomics-real-world-use-cases\/\" target=\"_blank\" rel=\"noopener\">Hedera <\/a>is a predictable, high-throughput, and governance service that NHX Finance believes is a necessary element to scaling the safe adoption of stablecoins. The company stated that the project aligns with Kenya\u2019s aspirations to become the fintech hub in the region.<\/p>\n<p>Hedera stated,<\/p>\n<blockquote>\n<p>\u201cThe goal of the Lab is to accelerate innovation in sustainable finance, digital assets, tokenised instruments, and intelligent market data systems, while pioneering new models for regional market connectivity, investor inclusion, and product development.\u201d<\/p>\n<\/blockquote>\n<h3><strong>Innovation Lab Accelerates Hedera Adoption&nbsp;<\/strong><\/h3>\n<p><span>According to the announcement, the NSE Innovation Lab was launched to advance applied innovation in capital markets. The lab will explore tokenisation, digital assets, decentralised finance, and intelligent data systems through Hedera\u2019s technology stack and Hashgraph\u2019s development expertise. <\/span>The NSE joined other members of the Council in operating a node on the Hedera network and having equal voting power in governing the Hedera software and services.<\/p>\n<h3><strong>HBAR Price Remains Stagnant&nbsp;<\/strong><\/h3>\n<p data-start=\"3604\" data-end=\"3900\">Despite these industry developments, Hedera\u2019s native token has not elicited a significant market response. HBAR is trading around 0.21% higher today while the overall crypto market gains over 3.5%. Its flat weekly performance and steep decline of 37% in the past three months continue to weigh on sentiment. Even though HBAR is still down about 13% this month and nearly 51% from its July high, some early signs of a possible shift are now showing up on the charts.<\/p>\n<p data-start=\"3902\" data-end=\"4354\">Analyst ZAYK Charts recently highlighted a recurring descending-channel pattern similar to a previous structure that preceded a 70%\u201380% rally. HBAR is now retesting the top of this channel. A strong breakout may pave the way to the $0.105-$0.145 area, which corresponds to historical reaction levels, in which case the shift from corrective action to early expansion is signalled.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24HBAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$HBAR<\/a> gearing up for the next breakout \ud83d\udd25<\/p>\n<p>Just like the previous one that delivered a massive 70\u201380% rally \ud83d\ude80<a href=\"https:\/\/twitter.com\/hashtag\/HBAR?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#HBAR<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/HBARUSDT?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#HBARUSDT<\/a> <a href=\"https:\/\/t.co\/cTkNBRMnV3\">pic.twitter.com\/cTkNBRMnV3<\/a><\/p>\n<p>\u2014 ZAYK Charts (@ZAYKCharts) <a href=\"https:\/\/twitter.com\/ZAYKCharts\/status\/1987773919617818956?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 10, 2025<\/a><\/p>\n<\/blockquote>\n<p> <a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. NHX Finance is developing a 1:1 Kenyan shilling stablecoin on Hedera. The NSE Innovation Lab\u2019s partnership with Hashgraph aims to strengthen Kenya\u2019s market infrastructure. NHX Finance has emerged as a leading force in Kenya\u2019s evolving digital-asset landscape, having made major [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":521377,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[12043,934,25],"class_list":{"0":"post-521376","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-hedera-blockchain","9":"tag-hedera-hashgraph","10":"tag-news"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/521376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=521376"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/521376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/521377"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=521376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=521376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=521376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}