From Nairobi (Kenya) to Lagos (Nigeria) in Africa, people are using stablecoins like USDT and USDC to combat inflation, reduce international remittance fees, and make payments through mobile wallets like M-Pesa. Stablecoins have become a daily tool for saving, payments, business, and imports.
In Nigeria, the average international remittance fee is about 8.45%, while digital services are only around 4%, resulting in significant savings for transfers of 200-1,000 USD, especially for households and small businesses. In the region, stablecoins account for about 40-43% of the total crypto transaction volume, with Tron being the popular network for transferring USDT due to its low costs and high speed.
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