Friday, October 4, 2024

Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa

Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan AfricaStablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses and individuals view stablecoins as a reliable way to store value and conduct international payments. Stablecoins as a Store of […]

via Terence Zimwara

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