Nigeria Leads Stablecoin Boom: $23B Processed in Transactions

A recent report by Yellow Card reveals that Nigeria has emerged as the leading adopter of stablecoins, processing nearly $23 billion in transactions between July 2023 and June 2024. This surpasses all other African nations, making it the largest stablecoin market on the continent. The report highlights that stablecoins account for a significant 43% of total crypto transactions within Sub-Saharan Africa, demonstrating the growing popularity of these digital assets in this region.