Stablecoin Begins Testing in Kenya’s Regulatory Sandbox

Stablecoin Begins Testing in Kenya’s Regulatory Sandbox

YENTS, a stablecoin developed by Kenya’s Young Entrepreneur’s Network (YEN), has entered into active testing under the local regulatory sandbox. Initially, the entrepreneurs plan to use the Young Entrepreneur’s Network Token (YENTS) within the network to fully pay for sporting events and training. The test in question is aimed at assisting streamline the process of acquiring regulatory approval. As described …