BlockBeats news, on October 2, according to the latest report from Chainalysis, stablecoin transactions now account for 43% of the total crypto transactions in sub-Saharan Africa, mainly due to the surge in demand for stablecoins caused by the depreciation of local currencies. The sharp depreciation of the currencies in Nigeria and Ethiopia has promoted the widespread use of stablecoins, especially in Nigeria, where the volume of crypto transactions in the past year has reached about US$59 billion, of which 85% of the transactions are less than US$1 million. The report also pointed out that stablecoins have gradually replaced Bitcoin and become the most received crypto asset in South Africa.

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