Africa is not a single market, but rather consists of 54 markets with different regulatory bodies, varying Central Bank strategies, and distinct political realities. The quickest way to frustrate yourself is to start with a slide that says "Africa," as if it were a country, and then pitch a one-size-fits-all stablecoin story. The Kredete team has just concluded visits to 20 countries, engaging with over a hundred bankers, regulators, and policymakers. This is a pragmatic summary of the realities on the ground—what misconceptions exist, what the realities are, and what conditions are necessary to implement a stablecoin. Key points: • Africa's stablecoin is in a delicate balance between policy preferences and political risks. In some instances, it is seen as a pilot project with a green light all the way. In other areas, as soon as an unlicensed project emerges, you can only be forced to withdraw. Currently, only a handful of countries have an operational Virtual Asset Service Provider (VASP) licensing regime. Several others are still in sandbox testing/draft bill stages. Don't confuse consultation documents with licenses. • Banks will take action when relationships, regulatory assurances, and risk narratives align, not simply because you posted a LinkedIn update about "launching business in Africa." • The quickest credibility check: Can your banking counterpart submit your proposal to the Central Bank and receive a swift "no objection" response? If not, you are wasting your efforts. Misconceptions vs. realities (from real cases)