Nigeria & South Africa Lead Growth in Stablecoin Demand, Show Strong Optimism for Their Potential: Survey
Nigeria & South Africa Lead Growth in Stablecoin Demand, Show Strong Optimism for Their Potential: Survey
Nearly 80% of Nigerian and South African respondents already own stablecoins, with over 75% planning to increase their holdings next year, according to the survey, titled the Stablecoin Utility Report and conducted by YouGov with crypto firms BVNK, Coinbase, and Artemis.
Interest in holding stablecoins is also higher in low- and middle-income countries, where it is twice as high as in high-income nations.
Notably, 95% of Nigerians prefer receiving payments in stablecoins rather than in Naira.
South African Reserve Bank Governor Lesetja Kganyago pointed out a potential benefit, noting that stablecoins could help reduce high remittance fees.
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