Nigeria Dominates Global Stablecoin Ownership

The use of stablecoins, such as Tether (USDT) and USD Coin (USDC), has seen significant growth globally, with Nigeria leading the pack in terms of ownership.

A recent report by BVNK found that 59% of Nigerian crypto users hold USDT, while 48% own USDC. This puts the country at the top of the list, ahead of major economies such as Australia and India.

The report highlights the rapid adoption of dollar-denominated digital assets in Nigeria, which is driven by emerging markets seeking to protect their savings and enable cross-border payments.