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

Africa · Western Key Facts —$59 billion in inflows. Nigeria recorded $59 billion in crypto-asset inflows between July 2023 and June 2024, ranking second globally in crypto adoption. —Stablecoins dominate. Dollar-pegged tokens such as USDT and USDC account for roughly 43% of all crypto volume in Sub-Saharan Africa, driven by households and SMEs. —Regulatory pivot.…