Biggest African economies lead stablecoin demand growth, study shows
From finance.yahoo.com
Africa's biggest economies Nigeria and South Africa are driving the strongest growth in demand for stablecoins and are the most optimistic about their potential, a survey found, with many users also wanting them to become more widely accepted. Stablecoins are promising faster and cheaper ways to move money in poorer countries, but as 99% of them, including the dominant Tether and USDC, are ​pegged to the dollar, they also raise worries about economic dollarisation and capital flight. The survey, titled the Stablecoin Utility Report and conducted by YouGov with crypto firms BVNK, Coinbase and Artemis, took the views ...
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