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Stablecoins now 43% of Sub-Saharan Africa crypto tx volume: Chainalysis

October 2, 2024 by DIGIT
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Nigeria and Ethiopia have both experienced local currency devaluation which has driven stablecoin adoption. 

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Categories Africa, Crypto Adoption, currencies, Ethiopia, Nigeria, South Africa, Stablecoins
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  • bitcoinBitcoin(BTC)$87,539.000.07%
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  • binancecoinBNB(BNB)$860.832.53%
  • rippleXRP(XRP)$1.860.55%
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  • solanaSolana(SOL)$123.870.67%
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  • dogecoinDogecoin(DOGE)$0.1236750.68%
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  • bitcoinBitcoin(BTC)$87,539.000.07%
  • ethereumEthereum(ETH)$2,930.130.15%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$860.832.53%
  • rippleXRP(XRP)$1.860.55%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$123.870.67%
  • tronTRON(TRX)$0.2840870.58%
  • staked-etherLido Staked Ether(STETH)$2,932.430.29%
  • dogecoinDogecoin(DOGE)$0.1236750.68%