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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)$68,908.00-2.06%
  • ethereumEthereum(ETH)$1,985.15-3.98%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$1.50-5.55%
  • binancecoinBNB(BNB)$617.92-1.92%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$85.90-4.49%
  • tronTRON(TRX)$0.280401-0.27%
  • dogecoinDogecoin(DOGE)$0.102973-9.97%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.020.00%
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  • bitcoinBitcoin(BTC)$68,908.00-2.06%
  • ethereumEthereum(ETH)$1,985.15-3.98%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$1.50-5.55%
  • binancecoinBNB(BNB)$617.92-1.92%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$85.90-4.49%
  • tronTRON(TRX)$0.280401-0.27%
  • dogecoinDogecoin(DOGE)$0.102973-9.97%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.020.00%