Tekedia Capital says stablecoins reach 43% of Sub-Saharan Africa crypto volume as cross-border use grows
Bitget2026/10/09 01:33Tekedia Capital analysis flagged stablecoins as a fast-growing rail for cross-border payments, remittances, settlement, treasury, digital commerce in Africa. Chainalysis data cited stablecoins at roughly 43% of Sub-Saharan Africa crypto transaction volume, signaling a shift toward utility use. Nigeria stablecoin transaction volumes exceeded USD 22 billion over 12 months, pointing to large-scale real-economy usage. Timon wallet funding from stablecoins rose to roughly 50% from zero a year earlier, driven by demand to hedge currency depreciation. Further adoption hinges on regulation, consumer protection, liquidity, on- and off-ramps, integration with existing payment infrastructure. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tekedia Capital LLC published the original content used to generate this news brief on October 08, 2026, and is solely responsible for the information contained therein.
- Tekedia Capital analysis flagged stablecoins as a fast-growing rail for cross-border payments, remittances, settlement, treasury, digital commerce in Africa.
- Chainalysis data cited stablecoins at roughly 43% of Sub-Saharan Africa crypto transaction volume, signaling a shift toward utility use.
- Nigeria stablecoin transaction volumes exceeded USD 22 billion over 12 months, pointing to large-scale real-economy usage.
- Timon wallet funding from stablecoins rose to roughly 50% from zero a year earlier, driven by demand to hedge currency depreciation.
- Further adoption hinges on regulation, consumer protection, liquidity, on- and off-ramps, integration with existing payment infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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