Nigeria’s Stablecoin Surge Draws IMF Praise and Warning
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The post Nigeria’s Stablecoin Surge Draws IMF Praise and Warning appeared first on Coinpedia Fintech News
Nigeria has become sub-Saharan Africa’s largest stablecoin market, accounting for 60% of regional inflows since 2019 and recording $59 billion in crypto inflows between July 2023 and June 2024. Stablecoins such as USDT are increasingly used by households and small businesses to cut remittance costs, make payments, and hedge against inflation and foreign exchange shortages. …
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