Everyone is reacting to ishwospeed spending USDC like it’s hype. But here’s the real story. Nigeria ranked #2 globally in crypto adoption (Chainalysis 2024) and moved ~$59B on-chain in 12 months. ~43% of Sub-Saharan Africa’s crypto volume is stablecoins. Nigerians hedge into USDC/USDT not to speculate but to preserve value, get paid, send money, and survive currency volatility. Hedging isn’t anti-national. It’s a warning signal of broken monetary trust, not the cause of it.

Share






Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.