Same Stablecoin, Different Bill: Why Africa's Cash-Out Costs Climb to Nearly 20% | Crypto Craft

  • Same Stablecoin, Different Bill: Why Africa's Cash-Out Costs Climb to Nearly 20%

    From financemagnates.com

    Stablecoins promise cheaper, faster money transfers into Africa, but new data shows that the real cost of turning digital dollars into local cash often remains high and depends heavily on who controls each corridor. A January review of 66 African stablecoin routes by payments firm Borderless.xyz shows that users on the continent face the widest conversion spreads in the world, even as other regions see much tighter pricing. Across nearly 94,000 rate observations, Africa posted a median spread of 299 basis points, or about 3%, on stablecoin-to-fiat conversions, compared with roughly 1.3% in Latin America and just ... (full story)

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    Trump: Any Republican that votes against tariffs will seriously suffer the consequences come...

    From @realDonaldTrump|Feb 11, 2026|7 comments

    Any Republican, in the House or the Senate, that votes against TARIFFS will seriously suffer the consequences come Election time, and that includes Primaries! Our Trade Deficit has been reduced by 78%, the Dow Jones has just hit 50,000, and the S&P, 7,000, all Numbers that were considered IMPOSSIBLE just one year ago. In addition, TARIFFS have given us Great National Security because the mere mention of the word has Countries agreeing to our strongest wishes. TARIFFS have given us Economic and National Security, and no Republican should be responsible for destroying this privilege. PRESIDENT DONALD J. TRUMP

    Trump: Canada has taken advantage of the US on trade for many years

    From @realDonaldTrump|Feb 11, 2026|7 comments

    Canada has taken advantage of the United States on Trade for many years. They are among the worst in the World to deal with, especially as it relates to our Northern Border. TARIFFS make a WIN for us, EASY. Republicans must keep it that way! PRESIDENT DONALD J. TRUMP

    Majority of US House backs resolution to end Trump’s Canada tariffs

    From @FirstSquawk|Feb 11, 2026|2 comments

    MAJORITY OF U.S. HOUSE BACKS RESOLUTION TO END TRUMP’S CANADA TARIFFS; VOTING CONTINUES U.S. HOUSE APPROVES RESOLUTION TO END TRUMP’S CANADA TARIFFS BY 219–211 ... US House passes 219–211 resolution to end Trump’s Canada tariffs (there is a but ...) The U.S. House of Representatives voted 219–211 to pass a resolution seeking to terminate former President Donald Trump’s tariffs on Canada, marking a rare bipartisan rebuke of executive trade authority. The resolution, introduced by Representative Gregory Meeks, aims to end the national emergency declaration that provides the legal basis for the Canada tariffs. Six Republicans joined Democrats in voting yes, while one Democrat opposed the measure. The tariffs were imposed under emergency powers authorities, a legal pathway that allows a president to restrict trade on national security grounds. Critics argue this approach sidelines Congress’s constitutional authority over trade policy and stretches the definition of national emergency. However, the House vote alone does not immediately lift the tariffs. For the resolution to take effect, it must also pass the U.S. Senate. Even if approved there, it would then require presidential signature, or, if vetoed, a two-thirds majority in both chambers to override. Given Republican support for Trump’s trade strategy and the high bar required for a veto override, the resolution faces significant hurdles. Politically, the vote puts members on record ahead of broader trade debates and signals unease among some Republicans about the economic impact of tariffs, particularly on cross-border supply chains and consumer prices. The move could also increase pressure on the Senate to take up the measure, though its path forward remains uncertain. For markets, the vote is more a political signal than an immediate policy shift — but it underscores that congressional scrutiny of executive tariff powers is intensifying.

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