Stablecoins account for nearly half of all transactions in sub-Saharan Africa! 🌍

- According to Chainalysis, stablecoins account for 43% of all crypto transactions in the region.

- Devaluation of local currencies has led to a rush to stablecoins.

- Nigeria leads the way with $59 billion in transactions from July 2023 to June 2024.

- 85% of transactions in Nigeria are under $1 million, mostly retail.

- Ethiopia has also seen strong growth of 180% over the past year.

- Stablecoins are replacing BTC in South Africa, helping manage liquidity and reduce exchange rate risk.

What do you think about the future of stablecoins in Africa? Share your thoughts! 💬