Spending and regulation hold back stablecoins in Africa, Moonshot panel says
- Stablecoins are currently moving money in and out of Africa faster and cheaper than banks.
- Sub-Saharan Africa received over $205 billion in on-chain crypto value from July 2024 to June 2025, with Nigeria accounting for $92.1 billion.
- Stablecoins constituted about 43% of the region's crypto volume during that period.
The discussion around stablecoins in Africa highlights a significant opportunity for financial innovation, but the current regulatory landscape poses challenges. For stablecoins to achieve mainstream adoption, there needs to be a concerted effort from regulators to create a framework that allows for transparency and usability while fostering innovation in the financial sector.
