The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021
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Stablecoins can benefit financial system, Fed governor says
The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone.
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Nigerian Currency ‘Most Competitive in 20 Years,’ Says World Bank
Nigeria’s currency reforms under Bola Tinubu’s government have made the naira one of the most competitive in 20 years, according to World Bank chief economist
Read moreStripe in talks to acquire stablecoin platform Bridge — report
Stablecoins pegged to the United States dollar have outpaced Bitcoin as a store of value in developing countries with runaway inflation.
Read moreUS lagging behind in global stablecoin adoption — Chainalysis
Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.
Read moreArgentina overtakes Brazil in crypto inflows — Chainalysis
Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%.
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