Yellow Card, a licensed stablecoin cost facilitator in Africa, stated Nigeria has emerged as a worldwide chief in stablecoin adoption, rating first worldwide, whereas securing the second place in general digital asset utilization with 25.9 million customers.
This perception comes from the corporate’s ‘2025 Report on the State of Digital Belongings Regulation in Africa,’ which provides probably the most thorough examination of digital asset regulatory frameworks throughout the continent.
In accordance with the report, Nigeria leads globally in stablecoin adoption, securing the second place in general digital asset utilization with 25.9 million customers and a formidable penetration fee of 11.9 per cent. This pronounced engagement underscores Nigeria’s pivotal function in Africa’s digital asset panorama, largely pushed by people’ and companies’ must mitigate naira volatility, entry USD-denominated worth, and facilitate cross-border transactions.
The report highlighted that “Africa boasts over 54 million digital asset customers, with Sub-Saharan Africa on the forefront of stablecoin adoption at 9.3 p.c. It additionally outlines how regulatory frameworks are evolving throughout greater than 20 nations, reflecting the continent’s swift transformation in digital finance.”
Common counsel of Yellow Card and one of many report’s authors, Craig Stoehr, stated, “we’re witnessing a major shift from each regulators and innovators, indicating that digital property at the moment are foundational slightly than fringe.”
The report famous that “key regulatory developments in Nigeria embody the official acknowledgement by the Securities and Trade Fee (SEC) that digital property are categorised as securities, backed by amendments to the Investments and Securities Act (ISA) 2024. Initiatives just like the Accelerated Regulatory Incubation Program (ARIP) are efficiently integrating platforms into formal regulatory frameworks. Moreover, the Central Financial institution of Nigeria (CBN) is adapting to adjustments by stress-free its earlier stance on Digital Asset Service Suppliers (VASPs) and offering pointers for banking relationships with cryptocurrency corporations, reflecting a quickly maturing ecosystem characterised by enhanced readability and legitimacy.”
The report additional emphasised that stablecoins are driving transformative adjustments for people and companies in Nigeria, saying that “past private financial savings and remittances, an rising variety of firms are accepting digital property for funds, enabling sooner transactions and expanded entry to overseas forex instruments, which, in flip, stimulates financial innovation and fosters monetary inclusion.”
The report additionally recognized regional developments, together with the rise of Central Financial institution Digital Currencies (CBDCs), elevated AML/CFT compliance, and the way different African nations like Kenya, Ghana, and South Africa are growing their frameworks.
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