Central Bank of Rwanda Hosts Stablecoin Roundtable at AFIS Annual Summit

The Central Bank of Rwanda convened a stablecoin roundtable at the AFIS Annual Summit, where central bankers and fintech representatives discussed potential uses, regulatory questions and adoption across African banking.

Emmanuel Tutuba, governor of the Bank of Tanzania, joined other central bankers and fintech representatives. Participants considered how stablecoins might fit into mainstream banking and discussed practical use cases, regulation and approaches to adoption.

Stablecoins are digital currencies designed to maintain a stable value, often through a peg to fiat currencies.

Separately, the Committee on Payments and Market Infrastructures (CPMI) published a report Oct. 29 outlining four central bank roles as digital payments evolve: issuer, operator, overseer and catalyst. The report says central bank money offers a secure, liquid settlement option for systemically important systems and helps keep different forms of money exchangeable at equal face value. The committee's framework for central bank roles in digital payments provides broader policy context for the roundtable.