Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa
Submitted by Anonymous (not verified) on Fri, 10/04/2024 - 12:50
Stablecoins 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 […]