Nigeria Dominates Stablecoin Inflows In Sub-Saharan Africa — IMF

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A newly released report by the International Monetary Fund (IMF) has said that stablecoins now form a key bridge between crypto markets and the traditional financial system in Nigeria, ranking the country top in inflows in Sub-Saharan Africa.

Nigeria received about $59 billion in crypto-asset inflows between July 2023 and June 2024. It ranked second globally on Chainalysis’s 2024 Global…

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