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The Nexus
BUSINESSJul 21 · 06:50 UTCTHE RIO TIMESAmina Diarra

Nigeria’s Stablecoin Surge Reshapes Cross-Border Payments for the Global South

Nigeria recorded $59 billion in crypto-asset inflows between July 2023 and June 2024, ranking second globally in crypto adoption. Stablecoins like USDT and USDC account for 43% of crypto volume in Sub-Saharan Africa, driven by households and SMEs. Regulatory shifts are reshaping cross-border payments in the region.

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NigeriaplaceSub-Saharan AfricaplaceUSDTtopicUSDCtopicThe Rio Timesorganization
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