Stable Coin transactions now account for 43% of the total volume of encryption transactions in sub-Saharan Africa, mainly due to the depreciation of the local currency leading to a surge in demand for Stable Coin. The significant depreciation of the currency in Nigeria and Ethiopia has driven the widespread use of Stable Coin, especially in Nigeria, where the encryption volume in the past year has reached about 59 billion US dollars, with 85% of transactions below 1 million US dollars. The report also points out that Stable Coin is gradually replacing BTC as the most received encryption asset in South Africa.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#你关注了创新区哪些热门链上币种?
Stable Coin transactions now account for 43% of the total volume of encryption transactions in sub-Saharan Africa, mainly due to the depreciation of the local currency leading to a surge in demand for Stable Coin. The significant depreciation of the currency in Nigeria and Ethiopia has driven the widespread use of Stable Coin, especially in Nigeria, where the encryption volume in the past year has reached about 59 billion US dollars, with 85% of transactions below 1 million US dollars. The report also points out that Stable Coin is gradually replacing BTC as the most received encryption asset in South Africa.