IMF Warns Nigeria’s Rapid Stablecoin Adoption Poses Monetary Risks

The International Monetary Fund (IMF) has reported that stablecoins have become a significant cross-border payments tool in Nigeria, with $59 billion in crypto inflows from July 2023 to June 2024. Households and small firms are using stablecoins via smartphones for quick remittances and supplier payments, easing frictions amid naira volatility. IMF Reports Nigeria’s Growing Use […] Read The Full Article IMF Warns Nigeria’s Rapid Stablecoin Adoption Poses Monetary Risks On Coin Edition.