Residents in Nairobi and Lagos are increasingly turning to stablecoins such as USDT and USDC to counteract inflation and currency volatility. This shift is fueled by economic pressures, low remittance costs, and evolving regulatory landscapes. Platforms like Kotani Pay are facilitating the conversion between stablecoins and mobile money, benefiting freelancers and local businesses. Meanwhile, Nigerian SEC's Emomotimi Agama has advocated for a controlled adoption of stablecoins to safeguard markets and consumers.
Africans Embrace USDT and USDC Amid Inflation and Currency Volatility
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.