JohannesburgSub-Saharan Africa’s crypto economy has reached $101 billion.
Africans mostly use dollar stablecoins to hedge local inflation, not bitcoin as peer-to-peer cash.
Chainalysis data show stablecoins took 55% of remittances into the region from Western corridors, against bitcoin’s 45%.
The region still leads the world in self-custody, with 32.3% of crypto value in personal wallets.
Bitcoin turns 18 on 31 October, trading near $80,750 and down 4% in a week.
How each outlet framed it
- Daily Maverick
- traces bitcoin's 18-year drift from Nakamoto's trustless design toward pegged stablecoins and centralised exchanges in sub-Saharan Africa
Sources: Daily Maverick