🚀🌍 Stablecoins Take Over Sub-Saharan Africa’s Crypto Market! Bigger Than Bitcoin Now! 💰🔥
Stablecoins ruled 43% of all cryptocurrency transactions in Sub-Saharan Africa in 2024, leaving Bitcoin behind at just 18.1%! This shows a huge shift toward stable, reliable digital assets across the region.
📊 Highlights:
💥 Nigeria leads with $20 billion in stablecoin inflows - 40% of the whole region!
📈 Ethiopia and Zambia saw stablecoin use grow over 100% year-on-year, driven by currency drops and economic challenges.
💸 Small retail trades under $1,000 grew by 12.6%, while professional trades ($10K-$1M) skyrocketed by 60.4%!
🌐 Stablecoins are now the go-to for fast, low-cost cross-border payments and safer value storage in volatile markets.
⚡ DeFi is booming in Nigeria too, with 85% of transfers under $1 million, showing strong retail and professional adoption.
📅 As regulations clear up, expect more institutions to join DeFi, creating hybrid models mixing decentralized power with centralized oversight - opening fresh profit chances!
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