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Stablecoins now 43% of Sub-Saharan Africa crypto tx volume: Chainalysis

October 2, 2024 by DIGIT
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Nigeria and Ethiopia have both experienced local currency devaluation which has driven stablecoin adoption. 

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Categories Africa, Crypto Adoption, currencies, Ethiopia, Nigeria, South Africa, Stablecoins
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  • bitcoinBitcoin(BTC)$104,509.00-2.50%
  • ethereumEthereum(ETH)$3,873.56-2.03%
  • rippleXRP(XRP)$2.48-5.76%
  • tetherTether(USDT)$1.00-0.16%
  • binancecoinBNB(BNB)$716.58-1.45%
  • solanaSolana(SOL)$216.57-5.12%
  • dogecoinDogecoin(DOGE)$0.387531-3.41%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • staked-etherLido Staked Ether(STETH)$3,866.88-2.18%
  • cardanoCardano(ADA)$1.05-3.72%
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  • bitcoinBitcoin(BTC)$104,509.00-2.50%
  • ethereumEthereum(ETH)$3,873.56-2.03%
  • rippleXRP(XRP)$2.48-5.76%
  • tetherTether(USDT)$1.00-0.16%
  • binancecoinBNB(BNB)$716.58-1.45%
  • solanaSolana(SOL)$216.57-5.12%
  • dogecoinDogecoin(DOGE)$0.387531-3.41%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • staked-etherLido Staked Ether(STETH)$3,866.88-2.18%
  • cardanoCardano(ADA)$1.05-3.72%