RESEARCH NOTE
Stablecoins at roughly 43% of regional crypto volume
Chainalysis estimated that stablecoins accounted for roughly 43% of Sub-Saharan Africa’s crypto transaction volume in its 2024 regional analysis.
Scope
The statistic refers to stablecoins as a category, not specifically USDC.
Interpretation
Stablecoin share can indicate demand for digital-dollar functionality, settlement and value preservation.
Limitation
Asset mix and use cases vary significantly by country and corridor.