Nigeria tops global stablecoin usage and ranks second in digital asset adoption, signaling Africa’s fast-rising crypto transformation.
Nigeria has emerged as the world’s top country for stablecoin adoption and the second globally for overall digital asset usage, according to the 2025 State of Digital Assets Regulation in Africa report by Yellow Card.
The report cites 25.9 million Nigerian users and an 11.9% digital asset penetration rate, positioning the country just behind India in global rankings. Nigerians are increasingly turning to USD-backed stablecoins for cross-border payments, inflation hedging, and USD access amid local currency volatility.
Sub-Saharan Africa now holds the highest stablecoin adoption rate globally at 9.3%, with digital asset use expanding rapidly across Ethiopia, Kenya, South Africa, and more. Despite varying regulations—including bans in Egypt and Algeria—Africa boasts over 54 million crypto users.
Yellow Card highlights that formal regulation, combined with public interest and rising use by institutions, could unlock financial inclusion, investment, and economic resilience across the continent. With growing international collaboration and evolving frameworks, digital assets are solidifying their role in Africa’s financial future.
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