Stablecoins Surge to 8-Month Highs as CBDCs Struggle for Acceptance
NAIROBI (CoinChapter.com) – Stablecoins surged, reaching a market cap of $161 billion in May 2024, the highest since April 2022. This growth contrasts with the slow adoption of Central Bank Digital Currencies (CBDCs), such as Nigeria’s e-Naira, which processed only $7.3 billion in transactions since March 2023. Stablecoins like USDC and USDT surged, seeing significant […]