Tether stablecoin sees increased usage in Africa since January — Chainalysis
This development confirms the growth in the USDT-dominated stablecoin market in Africa since 2022.
Sub-Saharan Africa
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Sub-Saharan African currencies have plunged 8% in one year amidst soaring public debts and global uncertainties: IMF
The depreciation has contributed to rising inflation in the region. Notably, inflationary pressures do not decline when local currencies strengthen against the US dollar, IMF says.