Nigeria has emerged as the global leader in stablecoin adoption, according to Yellow Card’s 2025 State of Digital Assets Regulation in Africa report. With 25.9 million users and an 11.9% penetration rate, Nigeria also ranks second worldwide in overall digital asset usage—just behind India. The report credits this surge to Nigeria’s economic realities, where USD-backed stablecoins help users hedge against inflation, obtain US dollars, and make cross-border payments. Across sub-Saharan Africa, stablecoin adoption stands at 9.3%, with countries like Kenya, South Africa, and Egypt also making strides despite regulatory uncertainty. The report attributes this growth to Africa’s challenges: currency devaluation, inflation, and costly remittance options. As governments explore clearer frameworks, the continent is poised to harness crypto for financial inclusion, with Nigeria leading a transformative wave of blockchain-driven innovation.
Nairamterics
