Sub-Saharan Africa has emerged as the third fastest-growing region for cryptocurrency adoption globally, according to a new report by Chainalysis. Over the past year, the region saw on-chain funds inflow reach $205 billion, marking a 52% increase. This growth is surpassed only by the Asia-Pacific and Latin America regions. The report highlights that stablecoins are a key driver of this growth, with Nigeria leading the charge at $92.1 billion. The appeal of stablecoins in Nigeria is attributed to inflation and foreign exchange shortages, making them a more attractive option. Chainalysis notes that the local financial environment in Sub-Saharan Africa emphasizes real-world applications over mere speculation or yield-seeking.