Stablecoin inflows in selected African countries [$bn]

Stablecoin adoption is surging across Africa, with Nigeria leading the continent at $21.8 billion in inflows, followed by South Africa at $13.5 billion.

Ghana, Kenya, Zambia, and Uganda trail with $3.9B, $3.3B, $2.8B, and $0.78B respectively.

These figures, sourced from Chainalysis, highlight a growing shift toward digital currencies for remittances, savings, and cross-border trade.

A stablecoin is a type of cryptocurrency specifically designed to have a stable value.