đ **Stablecoins Take Center Stage in Sub-Saharan Africa!** đ
Chainalysis' latest report reveals that stablecoins now make up nearly half of the total transaction volume in Sub-Saharan Africa, thanks to currency devaluation. Nigeria leads the charge, with $59 billion in crypto transactions between July 2023 and June 2024. Smaller transactions (<$1M) dominate, showing retail and professional adoption.
Ethiopia is also catching up fast, with a 180% growth in retail stablecoin transfers. Stablecoins have even outpaced Bitcoin in South Africa!
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