Nigerians are increasingly turning to U.S. dollar-pegged digital tokens, or stablecoins, ​to move money ⁠across borders, as households and small businesses seek cheaper and faster alternatives to traditional channels, the IMF said on ​Tuesday. The Fund said what began as a niche crypto use ​has grown into ​a significant payments route, with Nigeria receiving about $59 billion in crypto inflows between July 2023 ⁠and June 2024 and accounting for roughly 60% of stablecoin inflows in sub-Saharan Africa. Stablecoins - cryptocurrencies pegged to assets and designed to hold a stable value - have gained global ... (full story)