Nigeria Leads Africa’s Adoption of Cross-Border Stablecoin Payments

Nigeria has become sub-Saharan Africa’s leader in cross-border stablecoin payments. That’s according to an International Monetary Fund (IMF) report published Tuesday (June 16), showing that the country accounts for 60% of stablecoin inflows since 2019. “What began as a niche technology has become a meaningful cross-border payments channel.