BYBIT Cape Town, South Africa — ( AfricaNewswire.net ) — As inflation continues to erode purchasing power across multiple African economies, stablecoins are rapidly emerging as a critical financial tool for everyday users seeking protection against currency depreciation and financial instability. From Nigeria and Ghana to South Africa, Kenya, Ethiopia, and Zimbabwe, individuals and small businesses are increasingly turning to digital dollars such as USDT, USDC, and DAI to preserve value, facilitate cross-border payments, and maintain access to stable purchasing power amid volatile local currencies. Rising Inflation Drives Digital Dollar Adoption With inflation exceeding 30% in Nigeria, repeated currency devaluations in Kenya, and persistent instability in countries like Zimbabwe and Ghana, saving in local currency has become a high-risk strategy for millions of Africans. As a result, stablecoins, cryptocurrencies pegged to the U.S. dollar, are now wi...
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